LQWD partners with Amboss as primary Lightning Network liquidity provider
LQWD Technologies Corp., the infrastructure and liquidity provider for the Bitcoin Lightning Network, announced a new partnership with Amboss Technologies Inc. to become the first Lightning Network Liquidity Service Provider (LSP), according to a press release sent to Bitcoin Magazine. I did. As part of the partnership, LQWD will provide an initial 10 Bitcoins of liquidity to Amboss, with plans to distribute more Bitcoins across the collaboration.
“Our partnership with LQWD will give Amboss’ global customers direct access to institutional-grade liquidity for Bitcoin payments, and LQWD will be able to generate additional revenue through nodes on the Lightning Network,” said Jesse Shrader, Amboss co-founder and CEO. “It is now possible,” he said. “Furthermore, this partnership enhances the supply side of the Amboss liquidity market, allowing LQWD to meet market demand for Lightning Network liquidity.”
Amboss Technologies specializes in data analytics solutions tailored to the Bitcoin Lightning Network and offers products such as Magma and Hydro for market organization and liquidity automation. Magma serves as a liquidity marketplace, while Hydro supports advanced liquidity automation for seamless Lightning Network settlements.
Shone Anstey, CEO of LQWD, said, “This partnership will allow LQWD to distribute more of the company’s owned Bitcoin while potentially generating significant trading volume and returns on its Bitcoin holdings.” “The important thing is that we maintain full sovereignty and custody throughout the process. “This strategic partnership marks a significant step forward for both LQWD and Amboss as we work together to improve liquidity and efficiency within the Bitcoin Lightning Network ecosystem.”
The Lightning Network (LN) has seen significant growth over the past two years, including a 1,200% increase in LN activity, according to the release. This surge in adoption, combined with the integration of stablecoin trading capabilities, opens LN to a wider user base and connects Bitcoin exchanges with forward-thinking businesses looking for a faster and cheaper payment solution compared to traditional rail transit providers such as Visa and Mastercard. It’s childish.
