LQWD Reports Record Transaction Growth and Achieves #1 Rank on Lightning Terminal

Rhea-AI Summary

LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) reports record transaction growth and achieves #1 rank on Lightning Terminal. Key highlights:

• September routing volume: 96,946 transactions (3,231 daily average)
• Total transactions since November 2021: over 875,000
• LQWD-Canada node ranked #1 on Lightning Terminal
• Over 1,200 connected channels globally
• Strong traction in France, Brazil, Sweden, Italy, Singapore, and Japan
• Implemented automated rebalancing tools for optimized liquidity management
• Fees paid in fractions of Bitcoin (Sats)
• Scalable revenue model positioned for Lightning Network growth

LQWD focuses on expanding its network and enhancing infrastructure to capture market share and increase transaction volumes in the growing Lightning Network ecosystem.

Positive

• Record monthly transaction volume of 96,946 in September
• Achieved #1 rank on Lightning Terminal for LQWD-Canada node
• Over 875,000 total transactions processed since November 2021
• Expanded global presence with over 1,200 connected channels
• Implemented automated rebalancing tools for improved liquidity management

Negative

• Transaction fees currently nominal in dollar value

VANCOUVER, BC / ACCESSWIRE / October 3, 2024 / LQWD Technologies Corp. (TSXV:LQWD)(OTCQB: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: ashley@lqwd.money
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.

SOURCE: LQWD Technologies

View the original press release on accesswire.com

FAQ

What was LQWD's (LQWDF) transaction volume in September 2024?

LQWD's routing volume reached a new monthly high of 96,946 transactions in September 2024, with an average of 3,231 transactions per day.

How many total transactions has LQWD (LQWDF) processed since its launch?

LQWD has processed over 875,000 transactions through its infrastructure since its launch in November 2021.

What ranking did LQWD's (LQWDF) Canada node achieve on the Lightning Terminal?

LQWD's Canada node recently achieved the #1 rank on the Lightning Terminal, reflecting the stability and performance of LQWD's network.

How many connected channels does LQWD (LQWDF) have in its global network?

LQWD has over 1,200 connected channels in its global network, with strong traction in regions such as France, Brazil, Sweden, Italy, Singapore, and Japan.

How are transaction fees paid to LQWD (LQWDF) for Lightning Network transactions?

Fees from transactions are paid in fractions of Bitcoin (Sats), with 100 million Sats equaling 1 Bitcoin. Currently, these fees are nominal in dollar value.