LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a Bitcoin Lightning Network-focused company developing institution-grade payment infrastructure and solutions, has returned from participating in the Adopting Bitcoin – A Lightning Summit. Held in El Salvador, the two-day event took place Nov. 16–18. During the event, Bitcoin and Lightning Network experts and enthusiasts gathered together to learn about and explore the future of money and payments particularly related to the Central American republic. In addition to participating in the conference, LQwD has increased its Bitcoin holdings, having purchased 150 Bitcoins to date at an average cost of approximately $48,000 per Bitcoin. The company is working to gather Bitcoin as both a reserve and operating asset, an objective that supports its proprietary, multipronged, Lightning Network software platform. According to the company, the Lightning Network is working toward mass scaling of the usage of Bitcoin for microtransactions globally, resulting in improved fees and instant settlement times.
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About LQwD Fintech Corp.
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 more information, please visit www.LQwDFintech.com.
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