LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network (LN), is pleased to announce the strategic deployment of additional European routing nodes.

The Company’s European routing nodes now include Italy, Ireland, Sweden, France, England and Germany. Together with LQwD’s recently announced nodes launched in Singapore and Indonesia, the Company has established an LN presence in key countries where the Network is experiencing rapid growth. Europe now contains approximately 43 percent of all Lightning Network nodes, second only to North America.

“LQwD’s launch of these additional nodes firmly positions us to increase our overall value on the network,” explains LQwD FinTech CEO Shone Anstey. “Being a leading Lightning Network infrastructure and transaction facilitator has a lot of value: First, Lightning Network’s early-movers (like us) are best positioned to strategically expand our position on the network. Second, the more nodes LQwD establishes worldwide, the more transactions can be routed through our node network. And each transaction represents a routing fee.”

Since launching LQwD’s first Lightning Network node in late November 2021, 157 nodes have now interconnected with more than 158 transaction channels, routing over 10 Bitcoin through LQwD’s connected channels.

Arcane Research’s October 2021 State of Lightning Report estimates that by 2030, the Lightning Network could see more than 700 million users leading to as many as 364 trillion transactions per year.

Track LQwD’s node and channel growth in real time via: http://www.1ml.com.

Other Matters

The Company also announces that it has changed auditors from De Visser Gray LLP (“De Visser Gray”) to Kingston Ross Pasnak LLP (“KRP”), effective March 10, 2022. At the request of the Company, De Visser Gray has resigned as of the effective date of March 10, 2022. KRP has been appointed as the successor auditor. In accordance with National Instrument 51‐102 – Continuous Disclosure Obligations (“NI 51‐102”), the Company has filed a Notice of Change of Auditor on SEDAR together with letters from both De Visser Gray and KRP, with each letter confirming agreement with the statements contained in the notice, as applicable. There were no reportable events (as defined in NI 51‐102) between De Visser Gray and the Company.

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 and acquires Bitcoin 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 Corp. (TSXV: LQWD, OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network (LN), announces strategic deployment of a routing node in Jakarta, Indonesia.

“With a population of more than 260 million and over $50 billion crypto assets reportedly traded, Indonesia is one of the world’s most valuable, untapped, emerging markets, with all the right dynamics for Lightning Network to excel,” said LQwD CEO Shone Anstey. “Recently, the Indonesia Commodity Futures Trading Supervisor Agency (CoFTRA) announced acceptance to trade in over 200 cryptocurrencies, which will help pave the way for Lightning Network to become one of Indonesia’s preferred platforms for micro-payments and other transactions.”

Including LQwD’s recent node launch in Singapore and Germany, 127 nodes have interconnected with more than 130 transaction channels, routing approximately 10 Bitcoin through LQwD’s connected channels since launching our first Lightning Network node in late November 2021.

To follow LQwD’s node and channel growth, visit http://www.1ml.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 currently charged, 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 and acquires Bitcoin 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 Corp. (TSXV: LQWD, OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network (LN), announces deployment of routing nodes in Germany and Singapore.

Establishing these nodes into these important financial hubs provides a gateway into the European and Asian payments processing frontier.

The German and Singaporean routing nodes, secured by the Company-owned Bitcoin, represent the first of numerous international nodes that the Company plans to deploy in coming months.

Deploying nodes enables LQwD to collect transaction, routing and processing fees, as well as secure a strong foothold on the LN network, positioning the Company to participate in the significant global adoption now gathering momentum on the network.

Since the launch of the LQwD’s first routing node, US-West, in November 2021, the node has experienced week-over-week growth with over 80 nodes now connected, establishing 84 new payment channels, and the Company has collected transaction fees from the 5 Bitcoin that has been routed through these channels. To follow LQwD’s node and channel growth visit http://www.1ml.com.

LQwD is confident that establishing international routing nodes into key countries such as Germany and Singapore show capability and proof of concept, paving the way for LQwD to become a prominent Lightning Network liquidity and global payment processer.

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, 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 and acquires Bitcoin 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

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. (TSXV: LQWD, OTC: LQWDF), a Bitcoin Lightning Network focused company developing institution grade payment infrastructure and solutions, is pleased to provide the following corporate re-cap, since the Company completed the acquisition of LQwD Financial Corp. in June 2021, creating the first publicly traded Lightning Network company:

• completed a non-brokered private placement for proceeds of C$5,000,000 on June 9, 2021;
• completed an offering of 23,000,000 units for proceeds of C$8,050,000 on October 28, 2021;
• cumulatively acquired over C$9 million worth of Bitcoin as an operating asset on Lightning Network, increasing LQwD’s Bitcoin holdings to ~150 Bitcoin;
• launched lqwd.tech, the Company’s proprietary multi-pronged, Lightning Network software platform (SaaS), allowing B2B markets, investors and others broader access, more efficient liquidity, and seamless usage of global payments’ infrastructure;
• entered into strategic services agreements with Netcoins Inc., a leading Canadian crypto trading platform and subsidiary of BIGG Digital Assets Inc. and with Israeli-based Breez Development Ltd., a leading Lightning Network wallet provider;
• appointed Lightning Network experts Joost Jager and Roy Sheinfeld as strategic advisors, along with the appointment of Alexandra Moxin as VP of Product to the Company; and
• participated in Adopting Bitcoin – A Lightning Summit in El Salvador that took place from November 16 to 18, which brought together key groups of industry experts in the Bitcoin and Lightning Network community to discuss the future of money and payments in the Central American republic and abroad.

Shone Anstey, CEO of the Company, commented, “I wanted to take a moment to re-cap what has been an active six months for LQwD since listing in June. The remarkable growth of the Lightning Network has validated LQwD’s reason to be hyper-focused on Lightning and I look forward to continuing to expand our business on this rapidly growing global payment network.”

About the Lightning Network

The Lightning Network is layer-two technology and a solution to mass scaling the usage of Bitcoin for microtransactions globally. In addition to having the ability to transact at millions per second, Lightning Network dramatically improves upon fees, as well as instant settlement times.

The Lightning Network continues to experience explosive growth since January 1, 2021 as follows:

• Node growth of 105% from 770 to over 15,000 nodes now established.
• Bitcoin capacity increased from 1,125 BTC to almost 3,000 BTC up 160% to September 30, 2021.
• From 38,000 to more than 73,000 payment channels established up 92%.

Some well-known prominent companies such as Lightning Labs, Twitter and Jack Dorsey’s Square have openly expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms. 

About LQwD

LQwD is an early mover as a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions. LQwD is developing institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds and as warranted, acquires Bitcoin as an operating asset to secure nodes, liquidity 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, 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. (TSXV: LQWD, OTC: LQWDF), a company focused on developing institution grade payment infrastructure, liquidity and solutions for the Lightning Network, is pleased to provide the following corporate update.

As part of LQwD’s ongoing strategy of granting stock options to attract and retain talent, as well as long term incentive for its team, the Company has granted 1,825,000 stock options exercisable for a period of five years at a price of C$0.45 per share. These options will be distributed to various directors, officers, employees, and consultants and will be subject to deferred vesting over two years.

About the Lightning Network

The Lightning Network is layer-two technology and a solution to mass scaling the usage of Bitcoin for microtransactions globally. In addition to having the ability to transact at millions per second, Lightning Network dramatically improves upon fees, as well as instant settlement times.

The Lightning Network continues to experience explosive growth since January 1, 2021 as follows:

• Node growth of 105% from 770 to over 15,000 nodes now established.
• Bitcoin capacity increased from 1,125 BTC to almost 3,000 BTC up 160% to September 30, 2021.
• From 38,000 to more than 73,000 payment channels established up 92%.

Some well-known prominent companies such as Jack Dorsey’s Lightning Labs, Twitter and Square have openly expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms.

About LQwD FinTech Corp.

LQwD is an early mover as a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions. LQwD is developing institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds and as warranted, acquires Bitcoin as an operating asset to secure nodes, liquidity 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, 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. (TSXV: LQWD, OTC: LQWDF), a Bitcoin Lightning Network focused company developing institution grade payment infrastructure and solutions, is pleased to announce the appointment of Alexandra Moxin as VP of Product to the Company, effective immediately.

Alexandra has over a decade of experience in product, business development, and digital transformation and has a deep understanding of emerging technologies including Bitcoin, artificial intelligence/machine learning, event-driven systems and how these impact organizations. Alexandra has previously worked for Microsoft in product marketing where she grew engagement in Azure, DevOps and OSS developer communities and was Canadian Ambassador for Microsoft’s Azure Tech Communities.

Alexandra is also the founder of Advance Tech Media, which is home to the Advance Tech Podcast in which she interviews founders, developers, and leaders from around the globe in the emerging tech space. The Advance Tech Podcast has reached 1 million downloads in just over a year and it is now ranked globally in the top 10% of podcasts across all categories.

Shone Anstey, Chairman and CEO of the Company, commented, “The addition of Alexandra to LQwD’s management team is both timely and exciting. She is well versed in digital transformation and will be an integral part of the Company’s growth strategy in the Lightning Network space.”

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 is experiencing explosive growth since January 1, 2021, with node growth doubling and Bitcoin capacity increasing 181% to September 30, 2021.  Some well-known prominent companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms.

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 and acquires 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, 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. (TSXV: LQWD, OTC: LQWDF), a Bitcoin Lightning Network focused company developing institution grade payment infrastructure and solutions, announces that it participated in the recent Adopting Bitcoin – A Lightning Summit in El Salvador. The conference, which took place from November 16 to 18, brought together a renowned group of industry experts in the Bitcoin and Lightning Network community to discuss the future of money and payments in the Central American republic and abroad.

LQwD also announces that it continues to increase its Bitcoin holdings. To date, the Company has spent a total of C$9.2 million to purchase 150 Bitcoins at an average cost of approximately C$61,000 (US$48,000) per Bitcoin.

The purchase further strengthens LQwD’s strategic growth initiative to accumulate Bitcoin as a reserve asset and as an operating asset, which underpins the Company’s proprietary multi-pronged, Lightning Network software platform (SaaS), lqwd.tech.

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 is experiencing explosive growth since January 1, 2021, with node growth doubling and Bitcoin capacity increasing 181% to September 30, 2021.  Some well-known prominent companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms.

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 and acquires 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, 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.