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LQwD FinTech Corp.
(TSX.V: LQWD) (OTCQB: LQWDF)

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LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) is a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption.

LQwD FinTech’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 of bitcoin. LQwD is also securing a substantial position in bitcoin as an operating asset and will use its holdings to establish nodes and payment channels on the Lightning Network.

The Lightning Network is a second-layer protocol, sitting above the bitcoin blockchain, intended to facilitate faster micro-transactions and lower fees on bitcoin transactions, thus allowing mass adoption of bitcoin.

LQwD expects the Lightning Network to eclipse the patchwork of legacy financial networks that are used to move value today. The company’s software will make migration from legacy networks onto the Lightning Network easy and seamless. By onboarding more financial service providers, LQwD intends to grow the value of the Lightning Network.

The company, formerly known as Interlapse Technologies Corp., is harnessing new payment rails built on top of the bitcoin blockchain that are capable of beyond visa-level transaction volumes and backed by bitcoin, the strongest and most well-known cryptocurrency. These new rails, enabled by the Bitcoin Lightning Network, open a vast opportunity and market segment for digital payments and financial services on a global scale. LQwD aims to leverage its position as a public company to enhance trust in its products and services, and leverage its shares as currency for acquisitions, roll-up and growth, as well as to attract and retain top industry talent.

Product

The Lightning Network is a solution to massively scale the use of bitcoin for microtransactions globally, dramatically improving upon fees, as well as providing instant settlement times. The Lightning Network has experienced explosive growth and is expected to continue with the trend as usage increases. Well-known companies, such as Twitter and Square, have expressed their enthusiasm to incorporate Lightning Network into their platforms. The Lightning Network is scalable, global, open, inclusive, permissionless and decentralized. It is made up of nodes connected via payment channels, and enables off-chain, instantaneous and cheap payments at scale.

Upon launch of LQwD’s Lightning Network platform-as-a-service, users will be able to leverage the Lightning Network infrastructure to send payments instantly, securely and inexpensively anywhere in the world. Companies and service providers will be able to conduct Lightning Network transactions in bitcoin by integrating LQwD’s infrastructure with their business or web property. Connected businesses will be able to easily deploy, monitor and manage LQwD’s Lightning Network nodes with no or low-level technical knowledge required. The company fully expects Lightning Network to be a force for global change and to become the monetary exchange network of the future.

The Lightning Network, which is already built, functioning and growing, will advance bitcoin from a store-of-value to a global monetary network through payment utility. The company expects the Lightning Network will propel the growing number of active blockchain wallets to new heights, by increasing bitcoin’s scalability and lowering its fees for users. For coming generations, everything from wealth to experiences will be acquired and transacted virtually, and LQwD sees the Lightning Network as an enabling technology that can bring bitcoin to hundreds of millions of new users across the globe.

Investment Considerations:

  • The company completed the acquisition of LQwD Financial Corp. in June 2021.
  • To date, the company has spent a total of C$8.3 million to purchase approximately 139 Bitcoins, which it now holds, at an average cost of approximately C$60,000 (US$48,000) per Bitcoin.
  • LQwD FinTech investors gain exposure to bitcoin as an asset.
  • Investors also gain exposure to the Lightning Network, which is positioned for rapid growth.

Additional Resources:

 
Full Profile

 


Recent Coverage

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) CEO Shone Anstey to Present at Noble Capital Markets' 18th Annual Investor Conference in Florida

April 19, 2022 9:00 AM

  • The three-day convention will consist of 120 public company presentations with 480 presentations and breakout sessions
  • During breakout sessions, LQwD can be found at Table 12
  • The webcast of LQwD’s presentation will be available the day after on LQwD’s website, Noble Capital Markets’ Conference website, and Channelchek investor portal.
  • LQwD launched its platform as a service (“PaaS”) offering in November 2021 and has since launched nine nodes worldwide on the Lightning Network – U.S., Ireland, Germany, Indonesia, Italy, Singapore, Sweden, England, and France
  • The crypto market is expected to reach U.S. $4.94 billion by 2030, driven primarily by the decentralized nature of the sector

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), an emerging fintech company developing payment infrastructure for the Bitcoin Lightning Network, has announced that CEO Shone Anstey will present at NobleCon18 – Noble Capital Markets' 18th Annual Investor Conference taking place at the Hard Rock Hotel, Hollywood, Florida. LQwD will also be available for one-on-one meetings with investors during breakout sessions during the conference. The company will be located at Table 12 for these in-person breakout sessions (https://ccw.fm/iTTzT).

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