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Press Releases​

LQWD News

LQwD Announces Share Consolidation

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) announces that it intends to complete a share consolidation of the outstanding share capital of LQwD (the “Consolidation”). On October 18, 2022, LQwD’s Board of Directors approved the Consolidation on the basis of ten (10) pre-Consolidation common shares for one (1) post-Consolidation common share. The reasons for the Consolidation are to increase LQwD’s flexibility and competitiveness in the market, and to make LQwD’s securities more attractive to a wider audience of potential investors. The Consolidation is subject to final acceptance by the TSX Venture Exchange.

As a result of the Consolidation, LQwD’s currently issued and outstanding 97,777,807 common shares will be reduced to approximately 9,777,780 common shares. No fractional common shares will be issued as a result of the Consolidation. Instead, any fractional common shares will be rounded down to the nearest whole number of common shares. The Company’s name and trading symbol will remain unchanged, and the Company anticipates the effective date of the Consolidation to be November 14, 2022.

Registered shareholders will receive a letter of transmittal from LQwD’s transfer agent, Computershare Investor Services Inc. (“Computershare”), with information on how to exchange their old share certificates representing pre-Consolidation common shares with the new share certificates representing post-Consolidation common shares. Computershare will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of post-Consolidation common shares to which the shareholder is entitled. Until surrendered, each share certificate representing pre-Consolidation common shares of LQwD will be deemed for all purposes to represent the number of whole post-Consolidation common shares to which the holder is entitled as a result of the Consolidation.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through 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 scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:

Ashley Garnot, Corporate Development

Phone: 1.604.669.0912

Email: [email protected]

Website: www.lqwdfintech.com

Twitter: @LQwDFinTech

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.

LQwD Announces Annual General Meeting Voting Results

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce the results from its 2022 annual general meeting of shareholders (the “Meeting”) held on August 24, 2022.Shareholders voted as follows on the matters before the Meeting.

Election of Directors

All four (4) of the nominees listed in LQwD’s management information circular dated July 27, 2022, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company’s shareholders or until their successors are elected or appointed.

The results of the vote on the election of the directors at the Meeting are as follows:

Appointment of Auditors

Shareholders appointed Kingston Ross Pasnak LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

Approval of Stock Option Plan

The Company’s incentive stock option plan, and amendments thereto, were approved by shareholders with 99.78% of shares represented at the Meeting voting in favour. 

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through 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 scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:

Ashley Garnot, Corporate Development

Phone: 1.604.669.0912

Email: [email protected]

Website: www.lqwdfintech.com

Twitter: @LQwDFinTech

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.

LQwD Fintech Provides Corporate Update

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce the appointment of Aziz Pulatov as Chief Technology Officer of the Company. Mr. Pulatov has extensive experience as a senior software architect and Bitcoin expert and is a senior DevOps engineer and Amazon Web Services-certified SysOps Administrator.

To facilitate the new appointment to LQwD’s senior executive team, Albert Szmigielski has resigned from his position as Chief Technology Officer but will remain as a strategic advisor to the Company. LQwD’s management and Board of Directors would like to sincerely thank Mr. Szmigielski for his many contributions and look forward to what he will bring in his new advisory role with the Company.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through 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 scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:

Ashley Garnot, Corporate Development

Phone: 1.604.669.0912

Email: [email protected]

Website: www.lqwdfintech.com

Twitter: @LQwDFinTech

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.

LQwD Announces Launch of Seventeen International Routing Nodes on Lightning Network

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), the company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, announced today that it has now launched 17 international routing nodes on Lightning Network, positioning LQwD to secure future routing fees in a rapidly expanding global payments network.

LQwD’s international routing nodes now include Japan, England, Canada, US-West, France, Italy, Indonesia, Bahrain, South Africa, South Korea, Sweden, Singapore, Brazil, Germany, India, Ireland, and Hong Kong.  You can follow LQwD’s node transaction volume in real-time here.

“Since launching our first Lightning Network node in November 2021, LQwD’s nodes have already routed over 72 BTC and over 36,000 transactions, which is extremely encouraging in these early stages,” remarked Shone Anstey, LQwD Fintech Corp. CEO. “We are making excellent progress establishing LQwD as a serious network participant, and in coming months, we will launch the LQwD business-to-business platform (now in beta), which also allows retail customers to take advantage of the economics and efficiencies of the network.”

According to Bitcoin Visuals, Lightning Network continues to experience upward trends with total network capacity increasing 138% since this time last year. The Company expects this trend to continue, as larger enterprises and exchanges such as Kraken, Robinhood, Twitter, and Block (Cash App) all have integrated Lightning Network capabilities. Some research firms, such as Arcane Research, predict that there could be as many as 700 million Lightning Network users by 2030.

Corporate & Financial

LQwD currently has sufficient working capital to continue to maintain operations for the foreseeable future. As of June 29, 2022, LQwD has working capital of approximately C$1.275 million in cash and cash equivalents with general and administrative expenses, including current development expenses, running approximately C$100,000 per month. LQwD also holds 121 Bitcoin on the balance sheet of which, a portion is used to secure routing nodes and establish node liquidity.

About LQwD Fintech Corp.

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through 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, utility and scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:

Ashley Garnot, Director

Phone: 1.604.669.0912

Email: [email protected]

Website: www.lqwdfintech.com

Twitter: @LQwDFinTech

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.

LQwD Fintech Provides Corporate Update

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) announces the resignation of Peter Loretto as an independent director for personal reasons. LQwD would like to thank Mr. Loretto for his contributions and the Board now consists of Shone Anstey, Ashley Garnot, Pino Perone and Kim Evans.

For further information:

Ashley Garnot, Corporate Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com
Twitter: @LQwDFintech

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.

LQwD Fintech Corp. Announces New Director

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce the appointment of Peter Loretto as an independent director replacing Dean Sutton, who will remain an advisor to the Company. The Board now consists of Shone Anstey, Ashley Garnot, Pino Perone, Kim Evans and Peter Loretto.

Mr. Loretto holds an MBA from Gonzaga University in Spokane Washington with more than 35 years of extensive international investment banking, corporate finance and both venture and senior board listed company experience.

For further information:

Ashley Garnot, Corporate Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com
Twitter: @LQwDFintech

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.

LQwD joins Visa’s Fintech Fast Track Program, aiming to accelerate growth for the next generation of commerce

LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network (LN), is pleased to announce that the company has joined Visa’s (NYSE:V) Fintech Fast Track program.

Working with Visa, a world leader in digital payments, enables LQwD 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 our global routing nodes. By integrating with Visa, the company can leverage the reach, capabilities, and security of Visa’s global payment network.

“This is an exciting announcement for us,” remarked LQwD CEO, Shone Anstey. “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.”

“By joining Visa’s Fast Track program, exciting fintech companies like LQwD gain valuable access to Visa experts, technology and resources,” added Terry Angelos, SVP and Global Head of Fintech, Visa. “Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”

Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com

About the Lightning Network

The Lightning Network is layer-two technology that solves the issue of mass scaling Bitcoin for global microtransactions. In addition to enabling millions of transactions per second, the Lightning Network dramatically reduces the fees curently charged to users, and serves up instantaneous settlement times.

The Lightning Network continues to experience explosive growth as follows:

  • Since April 2021, node growth has increased 227%, from 10,394 to over 34,000 nodes now established.
  • Bitcoin capacity increased from 1,060 BTC to 3,398 BTC, up 220% from January 2021 to the present.
  • Payment channels are up 126%, rising from 38,000 to more than 86,000 established since January 2021.

Some well-known companies such as Lightning Labs, Twitter, and Jack Dorsey’s Block (Cash App), have openly expressed their enthusiasm to incorporate the Lightning Network into their platforms.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through 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 scaling Bitcoin. LQwD also holds 150 Bitcoin used as an reserve and operating asset establishing nodes and payment channels on the Lightning Network.

For further information:

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

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.

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