- Bitcoin locked on the Lightning Network has an estimated value of US$1.3 billion – indicating a bullish market contrary to the Bitcoin bear market
- LQwD has nodes active on the Lightning Network in the U.S., Germany, Singapore, and Indonesia, growing at an exponential rate by the day
- The Bitcoin Payment Ecosystem is expected to reach US$880 million by 2026
- LQwD launched its PaaS offering in November, aiming to facilitate payments worldwide
Bitcoin reached an all-time high of US$61,374.28 in October 2021, but since then the cryptocurrency’s value fluctuated significantly, dropping to US$37,928.58 in January 2022 (https://ibn.fm/OMawU). Throughout February, Bitcoin value continued to rise and fall, and it has been indicated that the cryptocurrency is currently a bear market. The same cannot be said about the Lightning Network, a layer 2 payment protocol that provides bitcoin scalability and instant transaction settlement across participating nodes with lower fees. The Network has reached an all-time high, with locked Bitcoin at an estimated value of US$1.3 billion, pointing to a bullish market for the Lightning Network (https://ibn.fm/sR2aj).
One financial technology company, LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), is positioned to increase its nodes, channel, and overall value on the Lightning Network by creating an enterprise-grade infrastructure to drive…
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ccw.fm/LQWDF
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