LQwD FinTech Corp. (TSX-V:LQWD, OTCQB:LQWDF) said it has released a new and updated version of lqwd.tech, its proprietary, non-custodial Lightning Network Software as a Service (SaaS) platform, which the company says makes it easier for institutions, businesses, and users, to integrate and use the Lightning Network.
The Lightning Network service provider noted the platform, which is highly scalable, allows for millions of Bitcoin transactions to be made in seconds over the Lightning Network.
“We have learned a lot and made vast improvements to the platform and LQwD as a company has become a key player on the Lightning Network through its global routing nodes and our easy-to-use platform,” LQwD FinTech CEO Shone Anstey said in a statement.
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LQwD said the updated version of lqwd.tech has a new look and includes updated features, which enables users to:
- Easily create and manage Lightning Network nodes;
- Transact securely, privately, and near-instantaneously on the Lightning Network;
- Create Lightning Network channels with effective routing and;
- Request and manage liquidity more efficiently.
The company added that it has deployed a portion of its Bitcoin holdings to maintain its 19 globally launched nodes and provide liquidity to the platform, thus enabling LQwD to earn transaction fees on this rapidly-growing global payment rail.
Currently, LQwD's global routing nodes have forwarded over 123,000 transactions totaling 250 Bitcoin, according to the company.
LQwD is a Lightning Network service provider focused on developing payment infrastructure and solutions accelerating the global megatrend of Bitcoin adoption through the Lightning Network.
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