VANCOUVER, BC, Oct. 13, 2021 /CNW/ - LQwD Fintech Corp. (TSXV:
LQWD) (OTC: LQWDF), is pleased to announce that it has entered
into a strategic services agreement with Netcoins Inc.
("Netcoins"), a leading Canadian crypto trading platform and
subsidiary of BIGG Digital Assets Inc. ("BIGG") (CSE: BIGG).
Under the agreement, Netcoins will establish a node on the
Bitcoin Lightning Network via LQwD's proprietary Lightning PaaS
(Platform as a Service) software. This marks the first
institutional grade Lightning payment channel for Netcoins and
BIGG.
Netcoins will also serve as preferred liquidity provider
for LQwD's wholly owned virtual currency platform, Coincurve.com.
Additionally, BIGG's Blockchain Intelligence Group
(Blockchaingroup.io), and Netcoins' affiliate, will provide
Coincurve and LQwD's Lightning Network Platform with a suite of
institutional and government grade compliance software, including
BitRank® and QLUE™.
Mark Binns, BIGG's CEO, remarked,
"As the only publicly owned and regulated crypto trading platform
in Canada, becoming the liquidity
partner for LQwD makes perfect sense. We can offer LQwD industry
leading rates as an institutional customer, and bundle BitRank® and
QLUE™ blockchain tech for a complete package. Correspondingly, we
are thrilled to establish a node with LQwD on the fast-growing
Lightning Network. "
Shone Anstey, CEO of LQwD, commented, "We are grateful to have a
strong relationship with Netcoins and Blockchain Intelligence Group
as we expand our footprint in the rapidly emerging Bitcoin
Lightning Network. LQwD can now leverage BitRank® and QLUE™ for our
AML needs and route crypto purchases for Coincurve.com and
additional platforms through Netcoins, Canada's first publicly traded, licensed
crypto trading platform. It also allows Netcoins to have an early
mover advantage in the Canadian markets for handling instant
deposits and withdrawals of Bitcoin via LQwD's Bitcoin Lightning
Network platform."
About the Lightning Network
The Lightning Network is a solution to mass scaling the usage of
Bitcoin for microtransactions globally, dramatically improving upon
fees, as well as instant settlement times. The Lightning Network
has experienced explosive growth in the past 90-days with node
growth doubling and Lightning Network BTC capacity increasing
51.74%. Some well-known companies such as Jack Dorsey's Twitter and Square have expressed
their enthusiasm to incorporate Lightning Network into their
platforms.
About LQwD Fintech Corp.
LQwD is a Lightning Network focused company developing payment
infrastructure and solutions. The Company'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 Bitcoin. LQwD also holds Bitcoin as an
operating asset establishing nodes and payment channels across the
Lightning Network.
About BIGG Digital Assets Inc.
BIGG Digital Assets
Inc. (BIGG) believes the future of crypto is a safe, compliant, and
regulated environment. BIGG invests in products and companies to
support this vision. BIGG owns two operating companies: Netcoins
(netcoins.ca) and Blockchain Intelligence Group
(blockchaingroup.io).
Netcoins develops brokerage and exchange software to make the
purchase and sale of cryptocurrency easily accessible to the mass
consumer and investor with a focus on compliance and safety.
Netcoins utilizes BitRank Verified® software at the
heart of its platform and facilitates crypto trading via a
self-serve crypto brokerage portal at Netcoins.app.
Blockchain Intelligence Group is a global developer of
blockchain technology building a secure future. Financial
institutions and crypto companies depend on its technology to
monitor risk from crypto transactions. Investigators and law
enforcement quickly identify and track illicit activity. The crypto
forensics technology was designed by investigators for
investigators. Blockchain Intelligence Group is trusted globally by
leading financial institutions, crypto companies, Fintech, Regtech,
law enforcement and regulators.
Forward-Looking Statements
This news release contains "forward-looking information" within
the meaning of applicable securities laws relating to the Company's
business plans and the outlook of the Company's industry. Although
the Company believes, in light of the experience of its officers
and directors, current conditions and expected future developments
and other factors that have been considered appropriate, that the
expectations reflected in this forward-looking information are
reasonable, undue reliance should not be placed on them because the
Company can give no assurance that they will prove to be correct.
Actual results and developments may differ materially from those
contemplated by these statements. The statements in this press
release are made as of the date of this release and the Company
assumes no responsibility to update them or revise them to reflect
new events or circumstances other than as required by applicable
securities laws. The Company undertakes no obligation to comment on
analyses, expectations or statements made by third parties in
respect of the Company, LQwD, their securities, or their respective
financial or operating results (as applicable).
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE LQwD FinTech Corp.