QualityStocksNewsBreaks – LQwD FinTech Corp.’s (TSX.V: LQWD) (OTCQB: LQWDF) PaaS Platform Facilitates Lightning-Fast Payments from Anywhere in the World
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) is a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, a layer 2 payment protocol on top of the blockchain that facilitates almost instant microtransactions with lower associated fees. The Lightning Network dramatically increases the blockchain transaction time for Bitcoin from approximately seven transactions per second to 1,000,000 per second. In comparison, a major credit card company has a network capacity of 65,000 transactions per second in terms of fiat currency. “LQwD is leveraging the Lightning Network and providing a proprietary platform-as-a-service (‘PaaS’) that speeds up transaction times,…