• News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Cryptocurrency News
What's Hot

Samsung Galaxy A02s SM-A025F Binary 3 Full Firmware

May 22, 2023

Sustanon 250 steroid: tutto cio che devi sapere

May 22, 2023

Kentucky Driver’s License Portal

May 20, 2023
Facebook Twitter Instagram
Bit News Today
  • News
  • Altcoins
  • Blockchain
  • Bitcoin
  • Ethereum
  • Cryptocurrency News
Bit News Today
Home»News»Breez successfully completes a $4.5 million fundraising round
News

Breez successfully completes a $4.5 million fundraising round

Saheel KhirodkarBy Saheel KhirodkarDecember 14, 2022Updated:December 14, 2022No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
The funding will hasten Breez’s goal of using Lightning to enable users and developers to realise new Bitcoin use cases.

An oversubscribed funding round led by ego death capital and Entrée Capital netted Breez, a provider of Lightning solution services, $4.5 million. Hivemind Ventures, Fulgur Ventures, Hawk Digital Innovation, and Bitcoiner Ventures are a few additional industry funds that took part.

Breez CEO Roy Sheinfeld discussed the company’s Lightning as a Service (LaaS) strategy in a press release that was sent to Bitcoin Magazine, saying, “Our goal remains to bring Lightning to the masses, as it was on day one. LaaS is a logical progression in that direction. From a conceptual standpoint, it’s the best way to scale Lightning globally without compromising the principles and qualities that have made bitcoin the most valuable currency in history.

Breez’s innovative new approach to bringing nearly instantaneous and frictionless bitcoin micropayments to the global mainstream is what the company refers to as Lightning as a Service.

Roy and his team are among the best Lightning developers on the planet, according to Jeff Booth, a general partner at ego death capital, who commented on the raise. In addition, Roy’s capacity for critical thought and execution excite us to support Roy and his goal of bringing LaaS to life.

On top of bitcoin, Lightning is a Layer 2 solution that offers almost instantaneous payment transmission at significantly lower costs. Many of the issues that Bitcoin critics point out as the technology’s shortcomings have been claimed to be resolved by the technology. Others in the community continue to believe it is the best scaling option yet, despite continued doubts in the community about its ability to achieve this goal.

Breez began as a Lightning client, offering products like a native podcast player and a Lightning point-of-sale system.

Through its non-custodial Lightning SDK, Breez is now focused on the objective of decentralizing the creation of new Lightning-based applications and use cases. Breez aims to demonstrate that Lightning is the Layer 2 solution for scaling Bitcoin for adoption through its product offerings.

Breez has previously received funding from the Human Rights Foundation as well as investments from Seetee, the Norwegian investment firm Aker’s bitcoin-focused subsidiary.

breez fundraising lightning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Saheel Khirodkar
Saheel Khirodkar
  • Twitter
  • Pinterest
  • Instagram
  • LinkedIn

Saheel works as a content writer for Bitnewstoday. He has always been interested in journalism and enjoys writing. Furthermore, His interest lies in cryptocurrency, and is continuously seeking for new techniques to invest. In his free time, he enjoys staying up to date on the latest industry news and spending time with his family.

Related Posts

How To Create Binance Account 2023

May 15, 2023

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Sensory Immersion Takes Over: Touch and Smell Set to Revolutionize the Metaverse at CES 2023

January 13, 2023

Kraken Announces FLR Token Distribution via Email: Details Inside

January 13, 2023
Add A Comment

Leave A Reply Cancel Reply

Latest Posts

Samsung Galaxy A02s SM-A025F Binary 3 Full Firmware

May 22, 2023

Sustanon 250 steroid: tutto cio che devi sapere

May 22, 2023

Kentucky Driver’s License Portal

May 20, 2023

How To Create Binance Account 2023

May 15, 2023
Editor's Picks

Caneschi Andrea Scheda personale Università degli Studi di Firenze

April 27, 2023

Nevada On line casino On the web 300% Accept Plus As much $two to three,000

March 24, 2023

Online Dating Safety and How to Recognize Red Flags

February 14, 2023

Bitcoin’s Next Step: Integration with New Social Systems Technology to Achieve Monetary Status

January 13, 2023

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Top Insights

Samsung Galaxy A02s SM-A025F Binary 3 Full Firmware

May 22, 2023

Sustanon 250 steroid: tutto cio che devi sapere

May 22, 2023

Kentucky Driver’s License Portal

May 20, 2023
IMPORTANT LINKS
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • About Us
  • Bitnews Home
  • Contact Us
  • Disclaimer
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us
Top Insights

Samsung Galaxy A02s SM-A025F Binary 3 Full Firmware

May 22, 2023

Sustanon 250 steroid: tutto cio che devi sapere

May 22, 2023

Kentucky Driver’s License Portal

May 20, 2023
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Welcome to BitNewsToday, where we bring you the latest updates and insights on the world of digital currencies. Whether you’re a seasoned crypto trader or just starting to learn about this exciting and rapidly-evolving industry, we’ve got you covered.

Top Insights

Samsung Galaxy A02s SM-A025F Binary 3 Full Firmware

May 22, 2023

Sustanon 250 steroid: tutto cio che devi sapere

May 22, 2023
Connect With Us
Follow us Google News
Facebook Instagram Pinterest LinkedIn Twitter
  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Editorial Policy
  • Fact-Checking Policy
  • Our Team
  • Privacy Policy
  • Terms & Conditions
  • Write For Us
© 2023 BitNewsToday

Type above and press Enter to search. Press Esc to cancel.