Mr. Shone Anstey reports

BITCOIN-BACKED LQWD TECHNOLOGIES ANNOUNCES THAT ITS LIGHTNING NETWORK INFRASTRUCTURE SURPASSES ONE MILLION GLOBAL TRANSACTIONS

Lqwd Technologies Corp. has routed one million transactions through its network, routing approximately 857 bitcoin with a value of $50-million ($37-million (U.S.)).

Since deploying Lqwd's bitcoin Lightning network strategy in November, 2021, the company's transaction infrastructure continues to experience strong growth with exponential growth in 2024. From Jan. 1, 2024, to Oct. 31, 2024, Lqwd facilitated approximately 643,000 transactions, compared with approximately 112,900 transactions for the same period in 2023.

Shone Anstey, chief executive officer of Lqwd, commented: "Reaching one million transactions, with the majority occurring in 2024, highlights the exceptional work of our technical team, led by our [chief technology officer] Aziz Pulatov. We remain committed to expanding our services on the Lightning network and supporting the global bitcoin transaction ecosystem."

Lqwd's revenue-generating model deploys company-owned bitcoin on its network to earn fees, which are paid in bitcoin, specifically in satoshis that are the smallest unit of bitcoin (100 million sats equals one bitcoin). Currently, the fees are nominal on a per transaction basis. However, there is potential for increase in future fees predicated on further adoption of the Lightning network and Lqwd's network continuing to scale.

Lqwd has more than 1,200 connected channels, with channel growth continuing across the company's globally connected network. The company's primary node, Lqwd-Canada, is ranked as the sixth-largest node worldwide.

About Lqwd Technologies Corp.

Lqwd is a Canadian-based, publicly traded company committed to expanding its bitcoin Lightning network transaction infrastructure and liquidity-on-demand services. Its infrastructure enables instant, low-cost, global Internet-powered payments at scale. Lqwd provides scalable solutions for the open payment market, delivering enterprise-grade infrastructure to support the rapid growth of the Lightning network. Lqwd is debt free, holding 141 bitcoin with a continuing bitcoin accumulation strategy.

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