- Visa will provide its extensive network of payment experts to assist LQwD (and other fintech companies) who join the program
- LQwD is currently operating ten global nodes on the Bitcoin Lightning Network – France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, the US, and India
- LQwD launched its proprietary PaaS platform in November 2021, working to lower transaction fees and facilitate faster transaction times
- The cryptocurrency market is expected to reach a value of US $4.94 billion by 2030
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive the adoption of Bitcoin, has announced that it has joined Visa’s (NYSE: V) Fintech Fast Track Program. By working with Visa, a world leader in digital payments, LQwD can accelerate bringing Bitcoin to the masses through its subsidiary Coincurve.com, a virtual currency platform, along with its proprietary platform as a service (“PaaS”) offering and global routing nodes (https://ibn.fm/G1yGM).
The Visa Fintech Fast Track Program was established for fintech companies to create new and innovative payment solutions through partnership, collaboration, and investment. The program offers fintech companies a payments path that is right for their current endeavors – including the idea, funding, and growth stages. Visa provides these companies with startup incentives, faster onboarding, and dedicated expertise and support.
The Visa Fintech North American Fast Track offers:
- Smooth onboarding to Visa’s global network
- Lower expenses from Visa and selected enablement partners
- Referrals to partners based on need
- Payment experts providing the hands-on support and guidance needed to get fintechs up and running
To join the Fast Track Program, LQwD had to fill out an application and meet certain stipulations implemented by Visa, after which it underwent a review process to determine if it qualified for the program. Since approval, LQwD has been able to onboard with Visa and implement the go-to-market strategy. “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,” Visa’s SVP and Global Head of Fintech, Terry Angelos, commented.
Shone Anstey, CEO of LQwD, underlined that this was an exciting opportunity for the company. “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,” he added.
LQwD currently has ten global nodes operational on the Lightning Network, including France, England, Sweden, Singapore, Italy, Indonesia, Germany, Ireland, the US, and the most recently launched node – India. Altogether, LQwD already has a capacity of over 10 BTC and is growing consistently.
In November 2021, in coordination with the launch of its first node (US-West), the company also launched its PaaS platform – https://lqwd.tech/. Since then, the company has focused on scaling the Lighting Network and making Bitcoin transactions possible on a global level with lower fees and faster settlement times, amid growing interest in cryptocurrencies and the Lightning Network worldwide.
According to Allied Market Research, the cryptocurrency market was valued at US $1.49 billion in 2020. Growing at a CAGR of 12.8%, the market is expected to reach US $4.94 billion by 2030. The primary drivers for growth are the growing acceptance of these currencies as legal tender and technological advancements (https://ibn.fm/2TTPB).
For more information, visit the company’s website at www.LQwDFinTech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF