LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has announced that its new open-lightning service model includes a leading Lightning Network wallet: Breez. With that announcement, LQwD becomes the first third-party Lightning Network service provider (“LSP”) with a leading Lightning Network wallet. According to the company, it’s new LSP model will connect LQwD’s global routing nodes to a Breez node on the Lightning Network, adding both volume and connectivity, earning additional fees from Breez’s incoming and outbound liquidity.
Breez is a well-established, fast-growing, noncustodial Lightning Network wallet that enables users to buy, sell and pay for goods, services, and streaming content with low friction. “Becoming the first LSP connected with Breez and their Open-LSP model positions LQwD to provide liquidity to a fast-growing wallet operator and potentially capture significant transaction volume, generate yield on our Bitcoin holdings, all while maintaining full sovereignty and full custody,” said LQwD fintech chief executive officer Shone Anstey in the press release.
To view the full press release, visit https://ibn.fm/42AH9
About LQwD Fintech Corp.
LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global megatrend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network. 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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