SpotLight of The month

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

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.

Primary Highlights:

• The company completed the acquisition of LQwD Financial Corp. in June 2021.
• LQwD FinTech has purchased over C$3 million worth of bitcoin at an average price of C$46,000 (US$36,800).
• 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:

• Company Website
• Corporate Media Kit
• NewsRoom

Recent Coverage

CryptoNewsBreaks - LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Completes Key Milestone on Path to Operational Launch of Lightning Network Platform

October 14, 2021 1:30 PM

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF) recently established network computers (routing nodes) to deploy Bitcoin into payment channels on the company’s Lightning Network platform. “This milestone was the first stage of the Lightning Network platform becoming fully operational, as it provided infrastructure, solutions and liquidity to support the network’s development and fee earning potential,” reads a recent article discussing the strategic move. “LQwD’s Lightning Network is a layer-2 payment protocol built on top of the Bitcoin blockchain. It is composed of nodes running the proprietary software. These are then connected to other nodes through payment channels that allow the payment to find the recipient. For payments to go through, enough Bitcoin must exist in the payment channel. As a Lightning Network Services Provider (‘LSP’), LQwD stakes Bitcoin on routing nodes to ensure the functionality of the network where fees can be earned for forwarding the payments.”

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ELEV8CON 2021 - October 23-24, 2021 - Las Vegas

The ELEV8CON Parabolic Virtual Summit 2021 is being held from October 22-24, 2021.  Companies, shareholders, investors, and individuals interested in cryptocurrency trading are invited to attend the Summit.

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Upcoming Events

• Podfest Expo: Virtual Session 1 - Virtual Event; 10/28 - 10/29
• Crypto Fest - Virtual Event; 10/29
• Florida Bitcoin & Blockchain Summit - Tampa, Florida; 11/4 - 11/5

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