on LQWD Technologies (isin : CA5021541076)

LQWD Updates Bitcoin Lightning Network Operations

VANCOUVER, BC / ACCESSWIRE / July 10, 2024 / LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) reports significant operational progress for its Bitcoin Lightning Network infrastructure. Since the introduction of an AI-driven channel rebalancing system in September 2023, volume has quadrupled.

LQWD, a leader in transaction infrastructure, facilitated over 635,000 transactions and 640 Bitcoin since launching its first node in November 2021, totaling CDN$31.7 million in value. Partnerships with AMBOSS and BREEZ are expected to further increase transaction volumes.

The company earns nominal fees for transactions routed through its network, which are anticipated to grow as adoption of the Lightning Network accelerates. LQWD operates in 18 countries with over 1,100 connections, making it the second-largest routing node operator.

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