LQwD Fintech Corp., an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network (LN), is pleased to announce the strategic deployment of additional European routing nodes.
The Company’s European routing nodes now include Italy, Ireland, Sweden, France, England and Germany. Together with LQwD’s recently announced nodes launched in Singapore and Indoneasia, the Company has established an LN presence in key countries where the Network is experiencing rapid growth. Europe now contains approximately 43 percent of all Lightning Network nodes, second only to North America.
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“LQwD’s launch of these additional nodes firmly positions us to increase our overall value on the network,” explains LQwD FinTech CEO Shone Anstey. “Being a leading Lightning Network infrastructure and transaction facilitator has a lot of value: First, Lightning Network’s early-movers (like us) are best positioned to strategically expand our position on the network. Second, the more nodes LQwD establishes worldwide, the more transactions can be routed through our node network. And each transaction represents a routing fee.”
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Since launching LQwD’s first Lightning Network node in late November 2021, 157 nodes have now interconnected with more than 158 transaction channels, routing over 10 Bitcoin through LQwD’s connected channels.
Arcane Research’s October 2021State of Lightning Report estimates that by 2030, the Lightning Network could see more than 700 million users leading to as many as 364 trillion transactions per year.
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