LQWD Partners with Amboss as Key Lightning Network Liquidity Provider

The Big Whale

— 1 min read

Importants parts :

  • LQWD partners with Amboss to provide liquidity for Lightning Network.
  • LQWD contributes 10 Bitcoin initially, plans to deploy more throughout collaboration.
  • Amboss specializes in data analytics for Lightning Network, offers Magma and Hydro products.
  • LN activity up 1,200% in 2 years, attracting businesses seeking faster, cheaper payment solutions.

Resume : LQWD Technologies Corp. has partnered with Amboss Technologies Inc. to become their premiere Lightning Network Liquidity Service Provider (LSP). As part of the collaboration, LQWD will contribute an initial 10 Bitcoin in liquidity to Amboss, with plans for further deployment. This partnership allows Amboss's global customers to access institutional-grade liquidity for Bitcoin payments, while also increasing the supply side of Amboss's liquidity marketplace. Amboss specializes in data analytics solutions tailored for the Bitcoin Lightning Network, offering products like Magma and Hydro for market organization and liquidity automation. The Lightning Network has experienced significant growth, with activity increasing by 1,200% in the past two years. This surge in adoption, along with the integration of stable coin transaction capability, makes LN more accessible to a wider user base and attracts businesses and Bitcoin exchanges seeking faster and cheaper payment solutions.
Original article published on Tue, 19 Mar 2024 16:00:00 GMT.

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