VANCOUVER, BC, March 1,
2023 /CNW/ - Bitcoin Lightning Network
Focused LQwD Fintech Corp. (TSXV: LQWD), (OTC: LQWDF), is pleased
to announce that it is the first third-party Lightning Network
service provider (LSP) with a leading Lightning Network wallet,
Breez Developments (Breez) in their new open-lightning service
model.
"Becoming the first LSP connected with Breez and their Open-LSP
Model positions LQwD to provide liquidity to a fast-growing wallet
operator and potentially capture significant transaction volume,
generate yield on our Bitcoin holdings, all while
maintaining full sovereignty and full custody." commented Shone
Anstey, LQwD's Chief Executive Officer.
In this LSP model, LQwD will be connecting its global routing
nodes to a well-connected Breez node on the Lightning Network,
allowing for LQwD to get additional volume and connectivity.
LQwD nodes are backed by company owned Bitcoin and
will now earn additional fees from Breez's incoming and outbound
liquidity.
Israeli-based Breez, is a well-established fast growing
non-custodial Lightning Network wallet for users to buy, sell, and
pay for goods, services, and streaming content with low-friction.
Breez is building a non-custodial Lightning SDK to interface with
existing, real-world apps and launching a hybrid architecture that
will let users access their bitcoin on any device and
in any participating app.
To learn more about the Breez and LQwD LSP partnership, please
visit here.
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.
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.
View original
content:https://www.prnewswire.com/news-releases/lqwd-becomes-first-third-party-lighting-service-provider-with-leading-lightning-network-wallet-301759818.html
SOURCE LQwD FinTech Corp.