LQwD Fintech Corp announced it is now a member of Visa’s venerated Fintech Fast Track program.
The program - which requires an extensive approval process - gives companies access to the reach, capabilities, and security of Visa's global payment network.
For LQwD, the company said that Visa’s approval allows it to accelerate the process of “bringing Bitcoin to the masses” through LQwD's subsidiaries, Coincurve.com, a virtual currency platform, and LQwD's Lightning Network PAAS, as well as its global routing nodes.
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By integrating with Visa, the company can leverage the reach, capabilities, and security of Visa's global payment network, LQwD said in a statement.
"By joining Visa's Fast Track program, exciting fintech companies like LQwD gain valuable access to Visa experts, technology and resources," Terry Angelos, senior vice president and global head of fintech at Visa said. "Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency."
LQwD’s Lightning Network is layer-two technology that helps mass scaling of Bitcoin for global microtransactions. The network dramatically reduces the fees currently charged to users, and serves up instantaneous settlement times in addition to enabling millions of transactions per second.
"This is an exciting announcement for us," LQwD CEO Shone Anstey said. "Our direct relationship with Visa now gives LQwD the advantage of accessing their growing partner network, as well as experts in the payments space. It's a big benefit.”
Vancouver-based LQwD is an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network.
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