Vancouver, Canada – October 22, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTCQX: LQWDF) (“LQWD” or the “Company”) is pleased to announce that due to demand LQWD will increase its previously announced non-brokered private placement to aggregate gross proceeds of up to $3,740,000 (the “Private Placement”), which was previously announced on September 27, 2024, and October 9, 2024.

Under the fully subscribed first tranche of the Private Placement, which closed on October 9, 2024, the Company issued an aggregate of 3,200,000 units of the Company at a price of $0.70 per unit to raise gross proceeds of $2,240,000. A second and final tranche of the Private Placement of up to an additional 2,307,692 units at a price of $0.65 per unit for proceeds of up to $1,500,000, remains open and is expected to close in November 2024.

Each $0.65 unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $0.90 per share at any time up to 18 months following the closing date of the Private Placement. If the volume weighted average trading price of the common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than $1.25 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants by giving written notice that the warrants will expire on the date that is not less than 10 days from the date notice is provided by the Company to the warrant holder.

The common shares and warrants from the Private Placement are subject to a 4 month hold period before becoming free trading.

The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD’s Lightning Network business, which includes purchasing Bitcoin and expanding the developer team in accordance with the Company’s business strategy, and for general working capital purposes. Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSX-V. It is anticipated that existing shareholders, directors, and management will be participating in the Private Placement. In connection with the Private Placement, the Company may pay a finder’s fee of up to 5% on the applicable portion of the Private Placement.

In connection with the $0.70 unit first tranche of the Private Placement, the warrants are also subject to acceleration provisions. If the 30 day volume weighted average trading price of the common shares on the TSX-V is greater than 10% above the applicable exercise price of the warrants and the 30 day average daily volume of the common shares on the TSX-V exceeds 5,000,000 common shares per day, then the Company may provide notice in writing to the holders of the warrants that the expiry date of the warrants will be accelerated in whole or in part, to a period which is 61 days following the date of such notice.

The Company also clarifies that 210K Capital, LP’s participation in the first tranche of the Private Placement by purchasing 3,200,000 units for an aggregate subscription price of $2,240,000 did not constitute a “related party transaction” for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

About LQWD Technologies Corp.

LQWD Technologies Corp. is a leading provider of institutional-grade liquidity services for the Lightning Network. The Company’s mission is to enhance the global adoption of Bitcoin by providing reliable and scalable liquidity solutions that power the Lightning Network. LQWD operates a growing number of Lightning Network nodes worldwide, ensuring efficient and cost-effective Bitcoin transactions for businesses and individuals alike.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This 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, considering 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.

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.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

Vancouver, Canada – October 9, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTCQX: LQWDF) (“LQWD” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of up to $3,215,000 (the “Private Placement”), which was originally announced on September 27, 2024.

Under the fully subscribed first tranche of the Private Placement, the Company has issued an aggregate of 3,200,000 units of the Company at a price of $0.70 per unit to raise gross proceeds of $2,240,000. Each $0.70 unit consists of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share for a period of 5 years following the closing date with exercise prices as follows: 1/5^th of the warrants will have an exercise price of $1.00 per share; 1/5^th of the warrants will have an exercise price of $1.25 per share; 1/5^th of the warrants will have an exercise price of $1.50 per share; 1/5^th of the warrants will have an exercise price of $1.75 per share; and the remaining 1/5^th of the warrants will have an exercise price of $2.00 per share.

The common shares and warrants from the Private Placement are subject to a 4 month hold period before becoming free trading, and the warrants are also subject to acceleration provisions.

A second and final tranche of the Private Placement of up to an additional 1.5 million units at a price of $0.65 per unit for proceeds of up to $975,000, remains open and is expected to close in November 2024. Each $0.65 unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $0.90 per share at any time up to 18 months following the closing date of the Private Placement.

The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD’s Lightning Network business, which includes purchasing Bitcoin and expanding the developer team in accordance with the Company’s business strategy, and for general working capital purposes.

In connection with the first tranche of the Private Placement, the Company issued to the finder $112,000 in cash and 160,000 share purchase warrants (each, a “Compensation Warrant”). Each such Compensation Warrant will entitle the holder to purchase one common share for a period of 5 years following the closing date with exercise prices as follows: 1/5^th of the warrants will have an exercise price of $1.00 per share; 1/5^th of the warrants will have an exercise price of $1.25 per share; 1/5^th of the warrants will have an exercise price of $1.50 per share; 1/5^th of the warrants will have an exercise price of $1.75 per share; and the remaining 1/5^th of the warrants will have an exercise price of $2.00 per share.

210K Capital, LP (“210K Capital”) is an insider of the Company by virtue of its participation in the Private Placement. 210K Capital participated in the first tranche of the Private Placement by purchasing 3,200,000 units for an aggregate subscription price of $2,240,000, and the Private Placement constitutes a “related party transaction” for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of each of the insider’s participation in the Private Placement does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.

210K Capital is a US-based private investment fund managed by UTXO Management. Since 2019, UTXO Management has been investing in the Bitcoin ecosystem across public and private markets. The firm was founded by Managing Partners David Bailey, Coyn Mateer, and Tyler Evans who have been investing and advocating for Bitcoin since early 2013.

About LQWD Technologies Corp.

LQWD Technologies Corp. is a leading provider of institutional-grade liquidity services for the Lightning Network. The Company’s mission is to enhance the global adoption of Bitcoin by providing reliable and scalable liquidity solutions that power the Lightning Network. LQWD operates a growing number of Lightning Network nodes worldwide, ensuring efficient and cost-effective Bitcoin transactions for businesses and individuals alike.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This 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, considering 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.

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.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

October 3, 2024 – Vancouver, Canada, LQWD Technologies Corp. (TSXV: LQWD, OTC: LQWDF) (“LQWD” or the “Company”), a leading provider of enterprise-grade transaction infrastructure for the Bitcoin Lightning Network, is pleased to report a substantial increase in transaction volume and the achievement of a significant milestone.

In September, LQWD’s routing volume reached a new monthly high of 96,946 transactions, with an average of 3,231 transactions per day. This growth represents consistent month-over-month increases, bringing the total number of transactions processed through LQWD’s infrastructure to over 875,000 since its launch in November 2021.

Contributing to this growth, the Company’s LQWD-Canada node recently achieved the #1 rank on the Lightning Terminal, a reflection of the stability and performance of LQWD’s network. This recognition underscores the Company’s strategic focus on network optimization and efficient channel management.

The increase in activity is also supported by the deployment of automated rebalancing tools, which have optimized liquidity management across LQWD’s global network. With over 1,200 connected channels, the Company is seeing strong traction in regions such as France, Brazil, Sweden, Italy, Singapore, and Japan.

LQWD is poised for continued growth as the Company expands its network and enhances its infrastructure. With the global adoption of the Lightning Network accelerating, LQWD is focused on capturing market share and increasing transaction volumes. Fees from transactions are paid in fractions of Bitcoin (Sats: 100M Sats = 1 Bitcoin), which are nominal in terms of dollar value at the present time. However, LQWD’s scalable revenue model, which generates fees for each transaction over our infrastructure, positions the Company to benefit from the ongoing growth of the Lightning Network.

For more details, check out LQWD’s corporate presentation, and stay updated on Lightning Network node growth or connect to the Company’s nodes in real time.

About LQWD Technologies Corp.

LQWD is a Bitcoin-backed, audited publicly traded company focused on building the infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This 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, considering 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 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. 

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.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

Vancouver, Canada – September 17, 2024 – LQWD Technologies Corp., a leading institutional provider of Lightning Network Liquidity services, is pleased to announce a strategic partnership with Alby Inc. (“Alby”), a pioneering technology company specializing in the Lightning Network, Bitcoin’s Layer 2 scaling solution. This collaboration positions LQWD as a key liquidity service provider for Alby, enhancing the operational efficiency and liquidity of Alby’s Lightning Network services.

Alby’s business consists of Alby Hub, a self-custodial lightning wallet, a browser extension and a mobile app that enables seamless Bitcoin transactions on the Lightning Network, along with other innovative solutions for developers. Through this partnership, LQWD will provide Alby’s users with robust liquidity solutions, ensuring that Alby’s users experience fast, reliable, and low-cost transactions across the Lightning Network.

“Partnering with Alby is a powerful step forward in our mission to solidify our position as a leading service provider on the Lightning Network,” said Shone Anstey, CEO of LQwD Technologies Corp. “Through this collaboration, we’re not only expanding our footprint on the Lightning Network but also driving the efficiency of transactions and accelerating the adoption of Bitcoin’s transformative Layer 2 technology.”

This partnership marks another significant milestone in LQWD’s dedication to advancing the growth and scalability of the Lightning Network by delivering top-tier liquidity services to a key industry leader. Through these growing partnerships, LQWD will further expand its Lightning Network nodes and strengthen its presence in the global Bitcoin economy.

”Setting up payment channels to transact on the Lightning Network has traditionally been complex and time-consuming. With Alby Hub, a self-custodial Lightning wallet, this process is simplified through seamless integration of a Lightning Service Provider like LQwD.” Moritz Kaminski, Co-founder of Alby Inc., “Users enjoy an intuitive wallet experience, enabling one-click channel setup while maintaining full control over transaction fees.”

For more information on LQWD’s liquidity services, please visit lqwdtech.com.

For more details, check out LQWD’s corporate presentation, and stay updated on Lightning Network node growth or connect to the Company’s nodes in real time.

About LQWD Technologies Corp.

LQWD Technologies Corp. is a leading provider of institutional-grade liquidity services for the Lightning Network. The company’s mission is to enhance the global adoption of Bitcoin by providing reliable and scalable liquidity solutions that power the Lightning Network. LQWD operates a growing number of Lightning Network nodes worldwide, ensuring efficient and cost-effective Bitcoin transactions for businesses and individuals alike.

About Alby Inc.

Alby is a pioneering software development company focusing on making bitcoin the native currency of the internet. With contributions from the open-source community Alby creates solutions for consumers, developers and Bitcoin users, prioritizing ease of use and interoperability. https://getalby.com

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

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, considering 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. 

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.

September 5, 2024 – Vancouver, Canada – LQWD Technologies Corp., (TSXV: LQWD, OTC: LQWDF) (“LQWD” or “the Company”) a Bitcoin backed leader in providing global enterprise grade transaction infrastructure for the Bitcoin Lightning Network (“Lightning Network”) is pleased to report the Company’s operational progress.

Routing volume continues to climb with total volume through LQWD’s infrastructure now exceeding 775,000 transactions, routing over 730 Bitcoin since launching in November 2021.

In August 2024, volume hit a new monthly record with 92,124 transactions, or an average of 2,971 transactions per day over LQWD’s infrastructure. This is a 61% increase over the previous 90-day monthly average.

The increase in volume can be attributed to strategic channel openings combined with the Company’s new automated rebalancing tools. These tools efficiently manage liquidity across LQWD’s internal network of nodes, enhancing LQWD’s internal node stability and strengthening the routing paths available for the Company’s global routing node network.

LQWD’s global network has established over 1,100 connected channels. LQWD’s most active node is in Canada, which ranks amongst the top performing nodes on the Lightning Network. Channel and transaction growth in France, Brazil, Sweden, Italy, Singapore, and Japan are also gaining momentum.

LQWD’s highly scalable revenue generating model, receives routing and liquidity fees for each transaction over LQWD’s infrastructure. These fees are paid in Bitcoin (Satoshi’s), which are nominal at present time. However, it is anticipated that the fees and volume will increase based on mass adoption of the Lightning Network. Therefore, LQWD is focussed on building market share and expand the Company’s Lightning Network servicies in anticipation of the continued rapid growth of the network.

For more details, check out LQWD’s corporate presentation, and stay updated on Lightning Network node growth or connect to the Company’s nodes in real time.

More About Lightning Network

Bitcoin Lightning Network is a payment layer for the internet. Lightning Network leverages the power of Bitcoin’s supreme trust protocol, which facilitates instant peer-to-peer transactions faster than any other payment rail. It is reported that network activity has increased by 1,200% over the past two years with major participants such as MicroStrategy (MSTR) driving adoption with enterprise grade Lightning Network tools for business, taking advantage of the unmatched capability of the network.

Most recently, Lightning Network announced the integration of stable coin transaction capability, which opens the network to a much wider user base. Furthermore, many of the world’s top cryptocurrency exchanges are integrating Lightning Network into their platforms as well as forward-thinking global business as Lightning Network transacts dramatically faster and cheaper than ant current payment rails such as Visa and Mastercard.

About LQWD Technologies Corp.

The internet lacks a protocol for money. LQWD is building the infrastructure, to make instant, low cost, internet-powered payments happen. We are building enterprise-ready infrastructure for open payments for the Internet at scale, using the Lightning Network. LQWD is a Bitcoin backed, audited publicly traded company. Our shares trade on the TSX Venture Market, trading symbol: LQWD, and in the United States OTC: LQWDF. Visit lqwdtech.com for further information.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

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, considering 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. 

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.

VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / LQWD Technologies Corp. (“LQWD” or the “Company”), (TSXV: LQWD) (OTCQB: LQWDF) announces that it intends to complete a non-brokered private placement of up to 1.5 million units of the Company (“Units”) at a price of $0.65 per Unit for aggregate gross proceeds of up to CDN$975,000. (the “Private  Placement”).

Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $0.90 per share at any time up to 18 months following the closing date of the private placement. The shares and warrants from this placement are subject to a 4 month hold period before becoming free trading.

If the volume weighted average trading price of the common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than $1.25 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants by giving written notice that the warrants will expire on the date that is not less than 10 days from the date notice is  provided by the Company to the warrant holder.

The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD’s Lightning Network business and general working capital purposes.

Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSXV. It is anticipated that existing shareholders, directors, and management will be participating in this placement. In connection with the Private Placement, the Company may pay a finder’s fee of up to 5% on the applicable portion of the Private Placement.

About LQWD Technologies Corp.

The internet lacks a protocol for money. LQWD is developing Lightning infrastructure to make instant, low cost, internet-powered payments happen. Our enterprise grade, globally placed  infrastructure facilitates open payments at scale, using the Lightning Network. LQWD is a bitcoin backed, Canadian audited publicly traded company. Our shares trade on the TSX Venture  Market, trading symbol: LQWD, and in the United States OTC: LQWDF. Visit lqwdtech.com for further information.

More About Lightning Network

Lightning Network is a payment layer for the internet. Lightning leverages the power of Bitcoin’s  supreme trust protocol, which facilitates instant peer-to-peer transaction dramatically cheaper and faster than any other existing payment rail. It is reported that Lightning activity has increased by 1,200% over the past two years with leading participants such as MicroStrategy ( MSTR ) and a growing global eco-system of new generation technology companies driving adoption, taking  advantage of the unmatched capability of the network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

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, considering 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.

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.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

SOURCE: LQWD Technologies Corp.

July 10, 2024 – Vancouver, Canada – LQWD Technologies Corp., (TSXV: LQWD, OTC: LQWDF) (“LQWD” or “the Company”) a leader in providing global enterprise grade transaction infrastructure for the Bitcoin Lightning Network (“Lightning”) is pleased to report our operational progress.

Volume growth has more than quadrupled since the implementation of sophisticated AI-driven channel rebalancing system in September 2023. Since the launch of our first node in November 2021, LQWD has now facilitated routing for over 635,000 transactions and 640 Bitcoin through the Company’s Lightning infrastructure for a totalling CDN$31.7 million in transacted dollar value.

In addition to organic volume growth being experienced, LQWD expects increased volume through partnerships with prominent Bitcoin Lightning Network technology companies, AMBOSS and BREEZ, who are integrating into LQWD’s transaction infrastructure and liquidity services.

See channel growth and node volume in real time.

LQWD’s scalable revenue-generating model earns fees for each transaction routed through the Company’s LN infrastructure. These fees are paid in fractions of Bitcoin (Sats: 100M Sats = 1 Bitcoin), which are nominal in terms of dollar value at the present time. However, it is anticipated that routing fees and liquidity service fees will increase based on the continued rapid adoption of Lightning and increasing volume growth through LQWD’s infrastructure.

As the second largest routing node operator on the network, LQWD is firmly established and trusted within the LN ecosystem. LQWD’s network is now established in 18 countries with well over 1,100 LN connected channels, and increasing channel growth and transactions in France, Singapore, Sweden, Italy, Japan, South Korea, and Indonesia. LQWD’s Canada node remains among the top ten connected nodes on the Lightning Network.

For more details, check out LQWD’s corporate presentation.

To stay updated on Lightning Network and LQWD’s progress, sign up here.

More About Lightning Network

Bitcoin Lightning Network is a payment layer for the internet. Lightning leverages the power of Bitcoin’s supreme trust protocol, which facilitates instant peer-to-peer transactions faster than any other payment rail. It is reported that network activity has increased by 1,200% over the past two years with major participants such as MicroStrategy (MSTR) driving adoption with enterprise grade Lightning tools for business, taking advantage of the unmatched capability of the network.

Most recently, Lightning announced the integration of stable coin transaction capability, which opens the network to a much wider user base. Furthermore, many of the world’s top cryptocurrency exchanges are integrating Lightning into their platforms as well as forward-thinking global business as Lightning transacts dramatically faster and cheaper than ant current payment rails such as Visa and Mastercard.

About LQWD Technologies

The internet lacks a protocol for money. LQWD is building the infrastructure, to make instant, low cost, internet-powered payments happen. We are building enterprise-ready infrastructure for open payments for the Internet at scale, using the Lightning Network. LQWD is a Bitcoin backed, audited publicly traded company. Our shares trade on the TSX Venture Market, trading symbol: LQWD, and in the United States OTC: LQWDF.

Visit lqwdtech.com for further information.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

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, considering 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. 

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.