LQwD has joined Visa’s Fintech Fast Track program. LQwD a Vancouver-based purpose-built bitcoin organization driven to create a solution that paves the outreach of the Bitcoin Lightning Network. The organization is set to make bitcoin, a mass accessible digital currency by making it ready for real-time cheap payments.
Shone Anstey, CEO, LQwD, mentioned, “This is an exciting announcement for us. Our direct relationship with Visa now gives LQwD the advantage of accessing their growing partner network, as well as experts in the payments space. It’s a big benefit.”
By joining Fintech Fast Track program of Visa, LQwD will be able to gear up its efforts of availing Bitcoin to more people through its subsidiaries, Coincurve.com and Lightning Network PAAS along with their routing nodes accessible worldwide. Visa will allow LQwD to make the best use of the outreach of its global payment network as well as security measures.
Terry Angelos, SVP and Global Head, Fintech, Visa, cited, “By joining Visa’s Fast Track program, exciting fintech companies like LQwD gain valuable access to Visa experts, technology and resources. Fast Track lets us provide new resources that rapidly growing companies need to scale with efficiency.”
LQwD Fintech, a vendor for Lightning Network Service, aims to create a strong payment framework and solutions that excel in the ratification of the global mega-trend of Bitcoin via the Lightning Network. It is intended for company-driven services where the Lightning Network can work efficiently. Integrating the Lightning Network across organizations will allow consumers access to efficient functions, exceptional transaction performance, and last, but not least, Bitcoin scaling.
LQwD’s Lightning Network is layer-two technology i.e., runs on the model of Open System Interconnection (OSI), and is apt in resolving the challenges of mass scaling Bitcoin for micro-transactions happening worldwide. Lightning Network as the name suggest paves millions of transactions every second and that is by slicing the current fees taken from users and performing real-time settlements.