LQWD Technologies Corp, the infrastructure and liquidity provider for the Bitcoin Lightning Network, has announced a new partnership with Amboss Technologies Inc. to become the Lightning Network's premier liquidity services provider (LSP), according to a press release sent to Bitcoin Magazine. As part of the partnership, LQWD will contribute an initial 10 BTC of liquidity to Amboss, with plans to deploy more BTC throughout the collaboration.
“Partnering with LQWD ensures that global Amboss customers have direct access to institutional liquidity for Bitcoin payments, allowing LQWD to generate additional revenue through their nodes on the Lightning Network,” said Jesse Schrader, Co-Founder and CEO of Amboss. “Additionally, this partnership increases the supply side of Amboss’ liquidity market, enabling LQWD to meet market demand for Lightning Network liquidity.”
Amboss Technologies specializes in data analysis solutions specifically designed for the Bitcoin Lightning network and offers products such as Magma and Hydro for market regulation and liquidity automation. Magma acts as a liquidity marketplace, while Hydro enables advanced liquidity automation for seamless Lightning Network payments.
“This partnership enables LQWD to deploy more of our company-owned Bitcoin with the potential to capture significant transaction volume and generate a return on our Bitcoin holdings,” said Sean Anstey, CEO of LQWD. “Most importantly, we maintain full sovereignty and custody throughout the process. This strategic alliance represents an important step forward for both LQWD and Amboss, as we work together to enhance liquidity and efficiency within the Bitcoin Lightning Network ecosystem.”
The accelerator network (LN) has seen significant growth, with LN activity increasing by 1,200% over the past two years, according to the statement. This increase in adoption, coupled with the integration of the ability to transact with stablecoins, opens LN to a broader user base and attracts forward-thinking businesses and Bitcoin exchanges looking for faster and cheaper payment solutions compared to traditional rails like Visa and Mastercard.
