LQwD Fintech to provide BIGG Digital Assets with Bitcoin Lightning Network capability

LQwD Fintech Corp. has entered into a strategic services agreement with Netcoins Inc., a leading Canadian crypto trading platform and subsidiary of BIGG Digital Assets Inc.

Under the agreement, Netcoins will establish a node on the Bitcoin Lightning Network via LQwD’s proprietary Lightning PaaS (platform-as-a-service) software. This marks the first institutional grade Lightning payment channel for Netcoins and BIGG.

Netcoins will also serve as the preferred liquidity provider for LQwD’s wholly owned virtual currency platform, Coincurve.com. Additionally, BIGG’s Blockchain Intelligence Group and Netcoins’ affiliate will provide Coincurve and LQwD’s Lightning Network Platform with a suite of institutional and government-grade compliance software, including BitRank and QLUE.

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“As the only publicly owned and regulated crypto trading platform in Canada, becoming the liquidity partner for LQwD makes perfect sense,” said Mark Binns, BIGG’s CEO, in a statement.

“We can offer LQwD industry leading rates as an institutional customer, and bundle BitRank and QLUE blockchain tech for a complete package. Correspondingly, we are thrilled to establish a node with LQwD on the fast-growing Lightning Network. “

Shone Anstey, CEO of LQwD, added: “We are grateful to have a strong relationship with Netcoins and Blockchain Intelligence Group as we expand our footprint in the rapidly emerging Bitcoin Lightning Network. LQwD can now leverage BitRank and QLUE for our AML needs and route crypto purchases for Coincurve.com and additional platforms through Netcoins, Canada’s first publicly traded, licensed crypto trading platform. It also allows Netcoins to have an early mover advantage in the Canadian markets for handling instant deposits and withdrawals of Bitcoin via LQwD’s Bitcoin Lightning Network platform.”

LQwD’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.

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Story by ProactiveInvestors