Bigg Digital Assets forms partnership with Lqwd Fintech
Bigg Digital Assets forms partnership with Lqwd Fintech
2021-10-13 11:49 ET - News Release
See News Release (C-BIGG) Bigg Digital Assets Inc
Mr. Mark Binns reports
BIGG DIGITAL ASSETS SELECTED BY LQWD AS PREFERRED LIQUIDITY PARTNER AND COMPLIANCE SOFTWARE PROVIDER; LQWD TO PROVIDE BIGG WITH BITCOIN LIGHTNING NETWORK CAPABILITY
Bigg Digital Assets Inc. has entered into a strategic partnership with Lqwd Fintech Corp.
Under the agreement, Netcoins, a wholly owned subsidiary of Bigg and restricted crypto dealer in each province and territory in Canada, will serve as Lqwd's preferred liquidity provider. Additionally, Bigg's Blockchain Intelligence Group and Netcoins affiliate will provide Lqwd with a suite of institutional-grade and government-grade compliance software, including BitRank and Qlue.
Netcoins will also establish a node on the bitcoin Lightning Network through Lqwd's proprietary Lightning PaaS (platform as a service) software. This marks the first institutional-grade Lightning payment channel for Netcoins and Bigg.
Shone Anstey, chairman and chief executive officer of Lqwd, commented: "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 our [Coincurve website] 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 the bitcoin Lightning Network."
Mark Binns, chief executive officer of Bigg, remarked: "As the only publicly owned and regulated crypto trading platform in Canada, becoming the liquidity partner for Lqwd makes perfect sense. 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. "
About Bigg Digital Assets Inc.
Bigg Digital Assets believes the future of crypto is a safe, compliant and regulated environment. Bigg invests in products and companies to support this vision. Bigg owns two operating companies: Netcoins and Blockchain Intelligence Group.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading through a self-serve crypto brokerage portal on the Netcoins website.
Blockchain Intelligence Group is a global developer of blockchain technology building a secure future. Financial institutions and crypto companies depend on its technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. The cryptoforensics technology was designed by investigators for investigators. Blockchain Intelligence Group is trusted globally by leading financial institutions, crypto companies, fintech, regtech, law enforcement and regulators.
About Lqwd Fintech Corp.
Lqwd is a Lightning Network focused company developing payment infrastructure and solutions. The company'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.