Norwegian investment firm keen on Bitcoin, Seetee, has turn out to be the most up-to-date investor in the Bitcoin and Lightning firm Breez.
Bitcoin payments firm Breez has launched that Seetee, the bitcoin-focused subsidiary of Norwegian investment team Aker, has turn out to be their most up-to-date investor.
“Seetee’s investment reveals that they assume Breez can lend a hand bitcoin end its future as a currency and occupy so per Bitcoin’s foundational ideas of openness, decentralization, and autonomy,” acknowledged Roy Sheinfeld, co-founder and CEO of Breez.
Breez is keen on constructing the network’s payments infrastructure, leveraging the Lightning second-layer network. By providing a seamless and fleet Bitcoin journey on high of Lightning, Breez helps customers to purchase honest correct thing about the uncommon set proposition of Bitcoin – last, unstoppable, uncensorable money.
The Lightning Community is a decentralized scaling resolution for Bitcoin that abstracts puny transactions between customers away from the Bitcoin blockchain. It utilizes successfully-organized contracts to resolve the final balance of those payments into the Bitcoin “nasty layer” while guaranteeing that every person transactions abide by the ideas of the Bitcoin protocol.
By now not requiring the transaction prices or wait cases that on-chain Bitcoin transactions in overall occupy, Lightning enables its customers to journey cheap, fleet, and inner most payments.
Therefore, the second-layer network debunks long-established criticisms that bitcoin will even now not scale to be a honest medium of replace – an a will deserve to own property of cash. The folk of El Salvador, as an illustration, own already been experiencing the power of Lightning.
And the more Lightning grows, the closer Bitcoin gets to enabling global, behold-to-behold, trustless, instantaneous payments. Seetee sees that potential and is joining the neighborhood tighter now after realizing the power of Bitcoin earlier this One year. Breez is the first instrument challenge to set up for Seetee’s portfolio.
“The group at Breez is…constructing free originate-source instrument that is intuitive and a pleasure to make exercise of while respecting the user’s rights,” Seetee acknowledged. “Its non-custodial and belief-minimized structure enables patrons, retailers, stammer creators, and various chums to transact on the Lightning network swiftly and simply. No configuration or abilities required.”