LQWD Technologies (TSX.V: LQWD) (OTCQB: LQWDF), a leader in providing global-enterprise, grade-transaction infrastructure for the Bitcoin Lightning Network (Lightning) is providing an update on its operational progress. According to the announcement, the company has seen volume growth more than quadruple since last year’s implementation of a sophisticated artificial-intelligence (“AI”)-driven channel rebalancing system. Since 2021, the company has enabled routing for more than 635,000 transactions and 640 Bitcoin through its Lightning infrastructure, totaling an estimated C$31.7 million in transacted dollar value. The company noted that it anticipates increased volume through partnerships with prominent Bitcoin Lightning Network technology companies AMBOSS and BREEZ, both of which are integrating into LQWD’s transaction infrastructure and liquidity services. “LQWD’s scalable revenue-generating model earns fees for each transaction routed through the company’s LN infrastructure,” said the company in the press release. “These fees are paid in fractions of Bitcoin, which are nominal in terms of dollar value at the present time. However, it is anticipated that routing fees and liquidity service fees will increase based on the continued rapid adoption of Lightning and increasing volume growth through LQWD’s infrastructure. As the second-largest routing node operator on the network, LQWD is firmly established and trusted within the LN ecosystem. LQWD’s network is now established in 18 countries with well over 1,100 LN connected channels, and increasing channel growth and transactions in France, Singapore, Sweden, Italy, Japan, South Korea and Indonesia. LQWD’s Canada node remains among the top ten connected nodes on the Lightning Network.”
To view the full press release, visit https://ibn.fm/KAq2I
About LQWD Technologies Corp.
LQWD is building the infrastructure to make instant, low-cost, internet-powered payments happen. The company is building enterprise-ready infrastructure for open payments for the internet at scale, using the Lightning Network. LQWD is a Bitcoin-backed, audited, publicly traded company. For more information, please visit www.LQwDFintech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF
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