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LQwD Attends Bitcoin and Lightning Network Summit in El Salvador and Acquires Additional Bitcoins
LQwD Attends Bitcoin and Lightning Network Summit in El Salvador and Acquires Additional ...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n \n \n \n LQwD Attends Bitcoin and Lightning Network Summit in El Salvador and Acquires Additional Bitcoins\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 24, 2021\n \n /CNW/ - LQwD Fintech Corp. (TSXV:\n \n LQWD\n \n ) (OTC: LQWDF), a Bitcoin Lightning Network focused company developing institution grade payment infrastructure and solutions, announces that it participated in the recent Adopting Bitcoin – A Lightning Summit in\n \n El Salvador\n \n . The conference, which took place from\n \n November 16 to 18\n \n , brought together a renowned group of industry experts in the Bitcoin and Lightning Network community to discuss the future of money and payments in the Central American republic and abroad.\n \n \n LQwD also announces that it continues to increase its Bitcoin holdings. To date, the Company has spent a total of\n \n C$9.2 million\n \n to purchase 150 Bitcoins at an average cost of approximately\n \n C$61,000\n \n \n (US$48,000)\n \n per Bitcoin.\n \n \n The purchase further strengthens LQwD's strategic growth initiative to accumulate Bitcoin as a reserve asset and as an operating asset, which underpins the Company's proprietary multi-pronged, Lightning Network software platform (SaaS),\n \n lqwd.tech\n \n .\n \n \n \n About the Lightning Network\n \n \n \n \n \n \n \n \n \n \n The\n \n Lightning Network\n \n 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 is experiencing explosive growth since\n \n January 1, 2021\n \n , with node growth doubling and Bitcoin capacity increasing 181% to\n \n September 30\n \n , 2021.  Some well-known prominent companies such as\n \n Jack Dorsey's\n \n Twitter and Square have expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms.\n \n \n \n About LQwD\n \n \n \n \n \n \n \n \n \n \n LQwD is a Lightning Network Service Provider (LSP) focused company developing payment infras...