Lightning Network focused company, LQwD FinTech Corp. (TSXV: LQWD, OTC: LQWDF) announces that it has established routing nodes and has deployed Bitcoin into payment channels on the Lightning Network, providing essential liquidity to support the significant growth over the past year of the Lightning Network (LN).

This milestone is the first stage in the Company\’s Lightning Network platform becoming operational, providing infrastructure, solutions, and liquidity to support the development of the network and earning fees in the process.

The Lightning Network, a layer 2 payment protocol built on top of the Bitcoin blockchain, is composed of nodes (computers) running the LN software, connected to other nodes via payment channels allowing them to forward payments on the way to their final destination (payment recipient). Every payment channel needs enough Bitcoin on them for a payment to go through.  LQwD, as an LSP or Lightning Network Services Provider, stakes its Bitcoin on routing nodes to help ensure the functioning of the network where fees can be earned for forwarding transactions. The Company believes this growth, shown through the increased number of nodes, payment channels and overall network capacity, will continue. The Company intends to establish as large of a footprint as possible in order to capture transaction fees as network volume grows.

Recent use cases of the utility of the Lightning Network have been demonstrated in El Salvador through mainstream merchants such as McDonalds and Starbucks using it for payment, as well as Twitter enabling it for tipping on their global social media platform with 200 million daily active users.

Demonstrable growth of the Lightning Network since January 1, 2021:

For more information on the Lightning Network, please visit LQwDFintech.com or LQwDFintech.com/node-stats/.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Company\’s business plans and the outlook of the Company\’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce that it has filed a final short form base shelf prospectus (the “Final Shelf Prospectus”) with the securities commissions in each of the provinces and territories of Canada, except Québec.

The Final Shelf Prospectus allows the Company to offer and issue up to $50 million of common shares, warrants, subscription receipts, units, debt securities or any combination of such securities (collectively, the \”Securities\”) during the 25-month period that the Final Shelf Prospectus is effective. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale, which will be set forth in a prospectus supplement to be filed.

The Securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful.

A copy of the Final Shelf Prospectus is available under the Company’s profile on SEDAR (www.sedar.com).

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains forward-looking statements regarding potential financings pursuant to the Final Shelf Prospectus and the filing of one or more prospectus supplements. These forward-looking statements are provided as of the date of this news release, or the effective date of the documents referred to in this news release, as applicable, and reflect predictions, expectations or beliefs regarding future events based on the Company\’s beliefs at the time the statements were made, as well as various assumptions made by and information currently available to them. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including, but not limited to, the assumption that regulatory approval of any shelf prospectus filings and related offerings will be obtained in a timely manner; that general economic and business conditions will not change in a materially adverse manner; and that the Company will be able to raise funds on reasonable terms. Although management considers these assumptions to be reasonable based on information available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions on which they are based do not reflect future experience. We caution readers not to place undue reliance on these forward-looking statements as a number of important factors could cause the actual outcomes to differ materially from the expectations expressed in them. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur, but specifically include, without limitation, risks relating to: general market conditions; the Company\’s ability to secure financing, on favourable terms, pursuant to the Final Shelf Prospectus and any prospectus supplements; and the additional risks described in the Final Shelf Prospectus and the Company\’s Annual Information Form, and other disclosure documents filed by the Company on SEDAR. The foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on behalf of the Company, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to provide the following corporate highlights since the Company completed the acquisition of LQwD Financial Corp. on June 9, 2021:

• advances in the development of the Lightning Network SaaS platform having achieved the milestone of establishing LSP services, payment channels and watchtowers, as well as launching beta testing of the platform;
• adding highly qualified engineers and strategic advisors to the team, including: Joost Jager, a Lightning Infrastructure Engineer with a M.Sc. in CS and specialization in artificial intelligence; and Roy Sheinfeld, co-founder and CEO of Breez Technology Inc., a privately-held company that combines an LSP, point-of-sale app for merchants, and non-custodial end-user app;
• the cumulative purchase of over C$3 million worth of Bitcoin at an average price of C$46,000;
• filed a preliminary short form base shelf prospectus that when final will allow LQwD to offer and issue up to $50 million of common shares, warrants, subscription receipts, units, debt securities, or any combination of such securities during the 25-month period that the prospectus is effective; and
• the grant of 3,325,000 stock options exercisable for a period of five years at a price of C$0.60 per share to various directors, officers, employees and consultants. The stock options will be subject to deferred vesting over two years and is part of LQwD’s ongoing strategy of granting stock options to attract and retain talent, as well as motivating its team.

Shone Anstey, LQwD’s CEO commented, “We are very pleased with the progress that our team has made since completing the transaction in June. Using our highly skilled in-house team, we are continuing to develop a Lightning Network SaaS platform that enables the set-up of payment channels as a service. LQwD’s Lightning Network SaaS platform is at an advanced level of development, with beta testing having commenced in the second half of 2021. We look forward continuing along this growth trajectory and maximizing shareholder value in the process.”

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTCQB: LQWDF) is pleased to announce that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec.

The base shelf prospectus (the “Shelf Prospectus”) has not yet become final for the purpose of the sale of any Securities (as defined herein). When final, the Shelf Prospectus will allow LQwD to offer and issue up to $50 million of common shares, warrants, subscription receipts, units, debt securities, or any combination of such securities (collectively, the “Securities”) during the 25-month period that the Shelf Prospectus is effective. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale, which will be set forth in a prospectus supplement to be filed.

The Company is filing this Shelf Prospectus to maintain financial flexibility as it advances the development of the Lightning Network but has no immediate intentions to undertake an offering.

The Securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Securities in any State or jurisdiction in which such offer, solicitation or sale would be unlawful.

A copy of the Shelf Prospectus is available on SEDAR (www.sedar.com).

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce the appointment of Lightning Network experts Joost Jager and Roy Sheinfeld as advisors to the Company, effective immediately.

Shone Anstey, Chairman and CEO of the Company, commented, “We are very excited to have Joost and Roy join our team at this very timely stage in LQwD’s growth. They are both consummate professionals whose prudence and broad technical insight will be of great benefit to LQwD as we advance our business in the Lightning Network space.”

Mr. Joost Jager is a Bitcoin and Lightning Infrastructure Engineer with a M.Sc. in Computer Science from Radboud University with a specialization in artificial intelligence. Mr. Jager has worked with San Francisco-based Lightning Labs as a lead developer and delivered multiple ground-breaking Lightning features such as hodl invoices, tlv records and probability-based routing. Currently Mr. Jager works with Bottlepay, where he provides Lightning Network expertise for the development of their European focused wallet solution.

Mr. Roy Sheinfeld is a software engineer and the co-founder and CEO of Breez Development Ltd., a privately held Tel Aviv based company that builds interfaces for the Lightning economy. The Breez App is a P2P Lightning Network interface where users can buy, sell, and pay for goods, services, and streaming content with a non-custodial, seamless, and open platform. Previously, he was the Co-founder and CTO of harmon.ie, a company building apps for the Digital Workplace, helping information workers professionals access and collaborate using a variety of leading cloud and on-premises services from Microsoft, IBM, Salesforce, and others.

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LQwD FinTech Corp. (TSXV: LQWD, OTC: LQWDF) announces that it has purchased C$2,500,000 worth of Bitcoin, at approximately C$46,500 (US$38,000) per Bitcoin since closing its previously announced acquisition of LQwD Financial Corp. Along with this purchase, the Company now holds approximately 60 Bitcoins.

This purchase signifies the start of a strategic growth initiative to accumulate Bitcoin as a reserve asset, but more importantly as an operating asset, which underpins the Company’s Lightning Network SaaS platform that is under development.

“LQwD is focused on developing enterprise grade infrastructure for the Lightning Network to drive Bitcoin adoption. This acquisition of Bitcoin is an important step for the growth of our business, and our vision, and we will continue to look for opportunities to increase our holdings and add value for our shareholders,” says Chairman and CEO Shone Anstey.

About the Lightning Network

The Lightning Network is a scalable Layer 2 solution built on top of the Bitcoin blockchain. It is a solution to scaling the usage of Bitcoin for microtransactions, dramatically improving upon the fees, as well as the instant settlement times, on the main Bitcoin Network.

About LQwD FinTech Corp.

LQwD is a Canadian-based financial technology company that develops payment network infrastructure and solutions on top of 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 scale of Bitcoin.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LQwD FinTech Corp. (formerly Interlapse Technologies Corp.) (“LQwD” or the “Company”) (TSXV: LQWD) announces that it has closed its previously announced acquisition of LQwD Financial Corp. (“LQwD Financial”) by acquiring all of the outstanding securities of LQwD Financial in exchange for the issuance of common shares (the “Shares”) of the Company (the “Transaction”). The Company has changed its name from “Interlapse Technologies Corp.” to “LQwD FinTech Corp.” and will continue to be listed as a Tier 2 technology issuer under the policies of the TSX Venture Exchange (the “Exchange”). The new trading symbol is “LQWD”.

The Company, with LQwD Financial as its wholly owned subsidiary, will now pursue the business as described in the Management Information Circular dated April 22, 2021 (the “Circular”), which is available under the Company’s profile on SEDAR at www.sedar.com. The principal business of LQwD Financial is the development and commercial launch of its Lightning Network SaaS platform.

“This is an exciting day for all of us at LQwD,” says Chairman and CEO Shone Anstey. “We are looking forward to pursuing the opportunities and participating in the exponential growth now taking place on the Bitcoin Lightning Network and the continued support of our shareholders.”

Transaction

The Company issued 22,400,001 Shares to the shareholders of LQwD Financial in consideration for the transfer of all of the issued and outstanding common shares in the capital of LQwD to the Company on a 1:1 basis. In addition, all outstanding warrants of LQwD Financial to acquire up to 4,000,000 common shares of LQwD Financial at a price of $0.15 per LQwD common share until January 2, 2025 were automatically adjusted to be exercisable into Shares on a 1:1 basis.

Concurrent Financing

In connection with the Transaction, on March 23, 2021, the Company closed a non-brokered private placement of 20,000,000 subscription receipts (each, a “Subscription Receipt”) at a price of $0.25 per Subscription Receipt for gross proceeds of $5 million (the “Concurrent Financing”). Each Subscription Receipt entitled the holder thereof to receive one Share and one-half of a share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.40 per Share at any time for a period of 12 months following the date of conversion of the Subscription Receipts, subject to the Accelerated Expiry described below. The Subscription Receipts and the securities into which they are convertible, bear a hold period of four months and a day from the closing of the Concurrent Financing.

The Warrants are subject to the Accelerated Expiry, which may be invoked by the Company if, over a period of ten consecutive trading days following the date of issuance of the Warrants, the volume weighted average trading price of the Shares on the Exchange equals or exceeds $0.60 on each of those 10 consecutive days, by the Company giving notice in writing to the holders of the Warrants that the Warrants will expire on the date that is the earlier of (i) the 30^th day following the giving of such notice unless exercised by the holders prior to such date, and (ii) the original expiry date of the Warrants (the “Accelerated Expiry”).

In connection with the Concurrent Financing, the Company paid finder\’s fees in the amount of $249,150, which represents a 7% cash fee on certain of the gross proceeds raised from subscriptions introduced by arm’s length parties. The Company also issued finder’s securities, consisting of an aggregate of (i) 672,000 broker warrants with each broker warrant being exercisable to acquire one Share at a price of $0.40 per Share; and (ii) 35,000 finder’s units with each finder’s unit converting into one Share and one-half of one share purchase warrant, with each whole such warrant entitling the holder thereof to purchase one additional Share at a price of $0.40 per Share.

Board and Management

Following closing of the Transaction the directors and officers of the Company are:

Biographies for each of the directors and officers of the Company were included in the Circular. Detailed information about the Transaction and related matters, including financial statements of LQwD Financial, are contained in the Circular.

About LQwD

LQwD is a financial technology company that develops payment network infrastructure and solutions on top of the Lightning Network, a scalable Layer 2 solution built on top of the bitcoin blockchain. Its signature product, Coincurve.com, is an online digital platform for users to buy virtual currencies in a streamlined fashion and enables a simple, safe way to buy and spend virtual currency.

ON BEHALF OF THE BOARD OF LQWD FINTECH CORP.

Shone Anstey
Chairman, CEO and Director

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com

Forward-Looking Statements

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.