LQwD FinTech Corp. (TSX-V:LQWD, OTCQB:LQWDF) has announced the launch of lqwd.tech, it's proprietary multi-pronged, Bitcoin Lightning Network software-as-a-service (SaaS) platform.
LQwD's Lightning Network platform provides easy access to a decentralized monetary network-of-the-future payment solution, allowing B2B markets, investors, and others broader access, more efficient liquidity, and seamless usage of global payments' infrastructure.
With the launch of lqwd.tech, the company said it will deploy a portion of its substantial Bitcoin holdings to secure additional nodes and provide liquidity to the platform. As a result, the company will earn transaction fees on this rapidly growing global payment rail.
READ: LQwD Fintech strikes strategic agreement with leading Lightning Network service provider in Israel; boosts Bitcoin holdings
"The Lightning Network is an extremely dynamic new global monetary network that's growing exponentially," said Albert Szmigielski, chief technology officer at LQwD, in a statement. "And we're excited and fortunate to be a solutions provider in the space."
"Developing countries such as El Salvador are using and seeing significant adoption, and one of the world's largest social media platforms – Twitter – is making global tipping on the Lightning Network mainstream, with its tipping feature called Tips. Needless to say, we're looking forward to becoming a major contributor to (and supporter of) Bitcoin's scaling layer – the Lightning Network.," he added.
The company's lqwd.tech platform empowers institutions, businesses, and investors by making it easy to integrate and use the Lightning Network. It is designed to be highly scalable and adaptive to the incredible growth of the Lightning Network, which allows for millions of Bitcoin transactions to be made in seconds.
It enables users to:
- Easily create and manage Lightning Network nodes.
- Transact securely, privately, and near-instantaneously on the Network.
- Create Lightning Network channels with effective routing.
- Request and manage liquidity more efficiently.
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