Cryptonewsbreaks LQWD Technologies Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Releases Updated Info Regarding Bitcoin Lightning Network Operations


(MENAFN- Investor Brand Network) LQWD Technologies (TSX.V: LQWD) (OTCQB: LQWDF) , a leading infrastructure and liquidity provider for the Bitcoin Lightning Network as well as a holder of Bitcoin as an operational asset, is reporting on its Bitcoin Lightning Network operations. According to the announcement, LQWD owns 115 Bitcoin, which provide the company with a Bitcoin-based core asset and which the company uses to operate its transaction infrastructure. The company reported that routing transactions are growing, with 64,678 in April 2024, an increase over March 20 24, which was also a record month. The company noted that the total routing volume through its infrastructure has reached approximately 500,000, routing more than 569 Bitcoin through LQWD's infrastructure since launching in November 2021. The announcement explained that Bitcoin Lightning Network
is a payment and transaction layer for the internet that leverages the power of Bitcoin's supreme trust protocol, which facilitates instant peer-to-peer transactions faster than any other payment rail.“LQWD has developed and is operating a scalable revenue model for the Lightning Network that receives routing fees for each transaction on LQWD's infrastructure,” stated the announcement.“These fees are paid in Bitcoin (Satoshi's), which are nominal at present time. However, it is anticipated that the fees will increase in the future based on further adoption of the Lightning Network. Therefore, LQWD believes in the future potential of the network and is focused on continuing to build market share.”

To view the full press release, visit

About LQWD Technologies Corp.

LQWD is a Canadian-based corporation which has a developed a scalable revenue generating model providing transaction infrastructure and liquidity for Bitcoin Lightning Network. LQWD also owns 115 Bitcoin and has no debt with approximately 13.2 million shares outstanding. For more information, please visit
.

NOTE TO INVESTORS:
The latest news and updates relating to LQWDF are available in the company's newsroom at

About CryptoCurrencyWire

CryptoCurrencyWire
(“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 60+ brands within
the
Dynamic Brand Portfolio
@
IBN
that delivers :
(1) access to a vast network of wire solutions via
InvestorWire
to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ;
(2) article and
editorial syndication to 5,000+ outlets ;
(3) enhanced
press release enhancement
to ensure maximum impact ;
(4)
social media distribution
via IBN to millions of social media followers ;
and (5) a full array of tailored
corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text“CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published:
/Disclaimer

CryptoCurrencyWire
New York, NY

212.994.9818 Office
...

CryptoCurrencyWire is powered by
IBN

MENAFN02052024000224011066ID1108167618


Investor Brand Network

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.