VANCOUVER, BC, July 20, 2021 /CNW/ - Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD) (OTC: INLAF) is pleased to announce the appointment of Lightning Network experts Joost Jager and Roy Sheinfeld as advisors to the Company, effective immediately.

Shone Anstey, Chairman and CEO of the Company, commented, "We are very excited to have Joost and Roy join our team at this very timely stage in LQwD's growth. They are both consummate professionals whose prudence and broad technical insight will be of great benefit to LQwD as we advance our business in the Lightning Network space."

Mr. Joost Jager is a Bitcoin and Lightning Infrastructure Engineer with a M.Sc. in Computer Science from Radboud University with a specialization in artificial intelligence. Mr. Jager has worked with San Francisco-based Lightning Labs as a lead developer and delivered multiple ground-breaking Lightning features such as hodl invoices, tlv records and probability-based routing. Currently Mr. Jager works with Bottlepay, where he provides Lightning Network expertise for the development of their European focused wallet solution.

Mr. Roy Sheinfeld is a software engineer and the co-founder and CEO of Breez Development Ltd., a privately held Tel Aviv based company that builds interfaces for the Lightning economy. The Breez App is a P2P Lightning Network interface where users can buy, sell, and pay for goods, services, and streaming content with a non-custodial, seamless, and open platform. Previously, he was the Co-founder and CTO of harmon.ie, a company building apps for the Digital Workplace, helping information workers professionals access and collaborate using a variety of leading cloud and on-premises services from Microsoft, IBM, Salesforce, and others.

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.

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 Financial, 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.

View original content: http://www.newswire.ca/en/releases/archive/July2021/20/c2483.html