Canadian Company Becomes First Public Company in Lightning Network

A Canadian company became the first publicly traded company in the world to focus entirely on the Lightning Network.

LQwD FinTech Corp. trades under the symbols TSXV: LQWD, OTCQB: LQWDF.

In November 2020, it was announced that Interlapse plans to acquire 100% of the issued and outstanding shares of LQwD, a Bitcoin company that aims to provide professional grade infrastructure, tools and liquidity to support the growth of l Lightning Network ecosystem.

The Lightning Network is a layer two solution built on the Bitcoin blockchain – offering scalable, off-chain, instant and cheap payments. According to LQwD, this technology “is the future monetary network” … and better yet, it is already built, functional and growing.

Lately, there has been a lot of excitement surrounding this Layer Two solution, which has been touted as the solution to scale Bitcoin forward by enabling global, near-instant, and low-cost transactions – and by solving the challenges and limitations. long standing with the speed and limitations of blockchain. Cost.

A tweet from Elon Musk said the Lightning Network is needed to make Bitcoin scalable – and due to the potential of this infrastructure demonstrated, El Salvador is now making Bitcoin legal tender after the President’s bill is passed in Congress.

The power of lightning

LQwD’s goal is to establish a large footprint within the Lightning Network itself, while providing support to businesses and participants in the ecosystem as a whole. He describes digital assets as “one of the most important and extraordinary investment trends of the century”.

As adoption increases, the Lightning Network is expected to become a major monetary network that allows value to be effortlessly moved around the world – quickly, efficiently, and affordably.

According to LQwD, this network will inevitably eclipse the patch of existing financial networks that are used to move value today: “digital gold” Bitcoin – the native digital currency of the Internet itself – and the global computer network. strongest and most secure in the world. These new rails, enabled by the Bitcoin Lightning Network, open up a vast opportunity and market segment for digital payments and financial services on a global scale.

More ideas from LQwD

An unprecedented opportunity

Bitcoin and virtual currencies have often been compared to the internet revolution of the 1990s – and right now we are seeing these digital currencies being adopted by public companies, financial institutions, banks, businesses and even governments..

“The extent of Bitcoin’s long-term impact on society will not be fully understood for years to come, but its dramatic adoption rate and revenue growth – already, today – cannot be disputed.” , says the LQwD website.

Indeed, the bull market observed over the past six months has powerfully illustrated LQwD’s point of view.

Listed on both the TSX Venture Exchange and the OTCQB, LQwD says it is committed to acquiring new emerging technology companies that accelerate its growth – as well as working with start-ups that help drive adoption of Bitcoin around the world.

Learn more about LQwD

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