Seetee Invests In Bitcoin Payments Company Breez
Seetee, subsidiary of Norwegian investment group, became a new Investor in Bitcoin & the Seetee company to give exposure to Bitcoin adoption.
Breez is a bitcoin payment company which allows their clients to pay Bitcoin with more ease & access their Bitcoins. Their main basic working protocol is based on the bitcoin lightning network system.
Breez announced that Seetee, newly Bitcoin focused & subsidiary of Norwegian investment group Aker, became their new Investor to support their Bitcoin payment platform.
Roy Sheinfeld who is co-founder and CEO of Breez, stated
“Seetee’s investment shows that they believe Breez can help bitcoin achieve its destiny as a currency and do so in accordance with Bitcoin’s foundational principles of openness, decentralization, and autonomy”
Breez is fully focusing on building their Bitcoin payment system much better, safer, faster & easier to facilitate transactions of Bitcoin, so that they can give better exposure to the Bitcoin adoption. They are using the Bitcoin lightning network on their platform.
Bitcoin lightning network Concept is a private payment system that enables sender & receiver to facilitate payments to each other on regular basis. The concept of this lightning system is very simple. Two or more parties have to put Bitcoin funds in a third wallet, after that two or more parties will be able to perform transactions at almost zero fee & without any need of confirmations of transactions because everything remains sudden without going through the main bitcoin network blocks.
Related: What is Lightning Network? How does Lightning Network work?
Few companies are taking bitcoin funds from the users in their own wallet and then facilitate bitcoin transactions with high transaction speed & without fees. This concept is really good if people can use it.
El Salavador’s citizens are already using this technology through their country’s official Bitcoin wallet Chivo.
Read also: Glen Oaks Escrow Issues First Bitcoin Backed Real Estate Loan
