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LQwD Fintech Corp. (TSXV: LQWD) has launched 17 international routing nodes on the Bitcoin Lightning Network, enhancing its position in global micropayments. Since its first node in November 2021, LQwD has routed over 72 BTC and 36,000 transactions. The Lightning Network's capacity has surged 138% year-on-year, with predictions of 700 million users by 2030. LQwD has C$1.275 million in working capital and holds 121 Bitcoin to support its operations.
LQwD Fintech Corp. (LQWD) has joined Visa's Fintech Fast Track program, enabling the company to enhance its Bitcoin payment infrastructure via the Lightning Network. This partnership allows LQwD to leverage Visa's extensive global payment network, accelerating its mission to facilitate broader Bitcoin adoption. CEO Shone Anstey highlighted the access to Visa's partner network and expertise as significant advantages. The Lightning Network itself is expanding rapidly, with node growth up 227% since April 2021, enhancing transaction capability and reducing fees.
LQwD Fintech Corp. has announced a strategic services agreement with Netcoins Inc., a Canadian crypto trading platform, allowing Netcoins to establish a node on the Bitcoin Lightning Network using LQwD's software. This collaboration marks Netcoins as the first institutional grade Lightning payment channel for LQwD and BIGG Digital Assets. Netcoins will also be the preferred liquidity provider for LQwD's platform Coincurve.com. The partnership aims to enhance compliance with BitRank® and QLUE™ software and capitalize on the growing Bitcoin Lightning Network.
LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) announced significant developments since acquiring LQwD Financial Corp. on June 9, 2021. Key highlights include advancements in their Lightning Network SaaS platform, which has commenced beta testing, and the addition of expert engineers and advisors to the team. The company purchased over C$3 million in Bitcoin at an average price of C$46,000. They filed a preliminary prospectus allowing the issuance of up to $50 million in securities and granted 3.3 million stock options to key personnel to attract and retain talent.
LQwD Fintech Corp. has filed a preliminary short form base shelf prospectus across Canadian provinces (excluding Quebec) to offer up to $50 million in various securities over a 25-month period. This initiative aims to enhance financial flexibility as the company further develops its Lightning Network infrastructure, though it currently has no plans to proceed with an offering. The securities will not be registered under U.S. Securities Act and cannot be sold in the U.S. without proper registration or exemption.
LQwD Fintech Corp. (OTC: INLAF; TSXV: LQWD) has appointed Joost Jager and Roy Sheinfeld as advisors to enhance its Lightning Network initiatives. Joost Jager, an expert in Bitcoin and Lightning Infrastructure, has a strong development background with Lightning Labs and Bottlepay. Roy Sheinfeld, co-founder of Breez Development, brings extensive experience in building Lightning interfaces. The company's focus is to develop institutional-grade services for the Lightning Network, which has seen significant growth recently, including a 51.74% rise in BTC capacity.
LQwD FinTech Corp. (TSXV: LQWD, OTC: INLAF) announced its purchase of C$2.5 million worth of Bitcoin, acquiring approximately 60 Bitcoins at C$46,500 each. This acquisition marks the beginning of a strategic initiative to use Bitcoin as both a reserve and operating asset for its future development of a Lightning Network SaaS platform. The company aims to create enterprise-grade infrastructure to facilitate Bitcoin adoption and enhance transaction capabilities, highlighting the potential for significant growth in its operations.
Interlapse Technologies Corp. (OTCQB: INLAF) has officially begun trading on the OTCQB Venture Market in the United States as of May 13, 2021. This dual listing enhances the company's accessibility to a larger pool of investors and simplifies trading for its U.S.-based shareholders. With 31,216,521 shares outstanding, the move is expected to support Interlapse in capitalizing on the growing trend of virtual currency adoption.