- The Lightning Network has seen growth of more than 300% since mid-2021, despite the recent decline of Bitcoin
- LQwD’s nodes on the Lightning Network include global coverage in Canada, South Korea, Brazil, Hong Kong, South Africa, Bahrain, Japan, the US, Ireland, India, Germany, Singapore, Sweden, Indonesia, Italy, France, and England
- The global cryptocurrency market was valued at US $1.49 billion in 2020, and is projected to reach US $4.94 billion by 2030
The Bitcoin Lightning Network (“LN”) has experienced explosive growth recently, despite the volatility of the cryptocurrency. Recent reports have indicated that Bitcoin has experienced negative growth – by more than 30% since the beginning of the year (https://ccw.fm/1fcS7). The opposite is true about the layer 2 payment protocol on the Bitcoin blockchain, with more than 3,900 BTC on the network. The LN has experienced growth of more than 300% since mid-2021. Because Bitcoin blockchain transactions are notoriously slow and expensive, the Lightning Network changes the dynamic, offering an almost instantaneous settlement of transactions and almost non-existent fees (https://ccw.fm/Gupdb).
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a fintech company focused on creating enterprise-grade infrastructure to drive bitcoin adoption, is working toward its goals by adding more nodes on the Lightning Network. Since the last publication, the company has increased its total number of nodes on…
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF
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