LQWD Technologies Corp. reports developments tied to its Bitcoin treasury and enterprise-grade infrastructure for the Bitcoin Lightning Network. Company news includes Bitcoin acquisitions, deployment of network liquidity, Lightning node operations, transaction-fee generation, and products for machine-to-machine payments such as AI Launchpad and the SaturnZap wallet.
Recurring updates also cover capital actions and governance, including normal course issuer bid activity, TSX Venture Exchange and OTCQX trading status, board appointments, and public presentations on Lightning Network adoption, AI agents, and real-time Bitcoin payment infrastructure.
LQWD Technologies Corp. updates their Bitcoin Lightning Network operations, providing liquidity and routing transaction infrastructure. The company owns 115 Bitcoin, operating a scalable revenue model receiving routing fees.
Routing transactions are growing with 64,678 transactions in April 2024. LQWD's infrastructure has routed over 569 Bitcoin since launching in November 2021. The company has secured partnerships with VC-backed Bitcoin Lightning Network companies, AMBOSS Technologies, and the BREEZ wallet.
LQWD has established well over 1000 channels in their global infrastructure network, with Canada as the top performing node. The company believes in the future potential of the Lightning Network and is focused on building market share.
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LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) announced the appointment of Alex P. Guidi as an independent director, expanding the board to five members. Guidi, a former principal shareholder of the IREMCO Group, brings significant executive and investment expertise. Concurrently, the company will undertake a non-brokered private placement of 468,750 units at $0.64 each, aiming for gross proceeds of $300,000. Each unit comprises one common share and a warrant exerciseable at $0.85 for 36 months. Guidi's participation represents a related party transaction but falls below the 25% threshold for formal valuation exemptions.