{"id":15441,"date":"2021-07-28T17:40:47","date_gmt":"2021-07-28T17:40:47","guid":{"rendered":"http:\/\/ci028944a1b0002560"},"modified":"2021-07-28T17:40:47","modified_gmt":"2021-07-28T17:40:47","slug":"seetee-invests-breez-lightning-bitcoin","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/seetee-invests-breez-lightning-bitcoin","title":{"rendered":"Seetee Invests In Bitcoin Lightning Company Breez"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Bitcoin payments company Breez has <a href=\"https:\/\/medium.com\/breez-technology\/breez-welcomes-seetee-as-our-newest-investor-c3a9ced725da\" target=\"_blank\" rel=\"noopener\">announced<\/a> that Seetee, the bitcoin-focused subsidiary of Norwegian investment group Aker, has become their newest investor.<\/p>\n<p>\u201cSeetee\u2019s investment shows that they believe Breez can help bitcoin achieve its destiny as a currency and do so in accordance with Bitcoin\u2019s foundational principles of openness, decentralization, and autonomy,\u201d said Roy Sheinfeld, co-founder and CEO of Breez.<\/p>\n<p>Breez is focused on building the network\u2019s payments infrastructure, leveraging the Lightning second-layer network. By providing a seamless and fast Bitcoin experience on top of Lightning, Breez helps users to take advantage of the unique value proposition of Bitcoin \u2013 final, unstoppable, uncensorable money.<\/p>\n<p>The <a href=\"https:\/\/bitcoinmagazine.com\/guides\/lightning-network\">Lightning Network<\/a> is a decentralized scaling solution for Bitcoin that abstracts small transactions between users away from the Bitcoin blockchain. It utilizes smart contracts to settle the final balance of those payments into the Bitcoin \u201cbase layer\u201d while ensuring that all transactions abide by the rules of the Bitcoin protocol.<\/p>\n<p>By not requiring the transaction fees or wait times that on-chain Bitcoin transactions typically do, Lightning enables its users to enjoy affordable, fast, and private payments.<\/p>\n<p>Therefore, the second-layer network <a href=\"https:\/\/bitcoinmagazine.com\/guides\/can-bitcoin-scale\">debunks<\/a> common <a href=\"https:\/\/www.wired.co.uk\/article\/bitcoin-scale-future-problems\" target=\"_blank\" rel=\"noopener\">criticisms<\/a> that bitcoin could not scale to be a proper medium of exchange \u2013 an essential <a href=\"https:\/\/money.visualcapitalist.com\/infographic-the-properties-of-money\/\" target=\"_blank\" rel=\"noopener\">property of money<\/a>. The <a href=\"https:\/\/bitcoinmagazine.com\/culture\/el-salvador-surf-team-rides-bitcoin\">people<\/a> of El Salvador, for instance, have already been <a href=\"https:\/\/bitcoinmagazine.com\/business\/strike-abandons-usdt-in-el-salvador\">experiencing<\/a> the power of Lightning.<\/p>\n<p>And the more Lightning <a href=\"https:\/\/bitcoinmagazine.com\/technical\/lightning-network-over-1500-btc\">grows<\/a>, the closer Bitcoin gets to enabling global, peer-to-peer, trustless, instant payments. Seetee sees that potential and is joining the community tighter now after <a href=\"https:\/\/bitcoinmagazine.com\/business\/norwegian-billionaires-shareholder-letter-is-the-years-most-bullish-bitcoin-article\">realizing the power of Bitcoin<\/a> earlier this year. Breez is the first software venture to join Seetee\u2019s portfolio.<\/p>\n<p>\u201cThe team at Breez is&#8230;building free open-source software that is intuitive and a pleasure to use while respecting the user\u2019s rights,\u201d Seetee said. \u201cIts non-custodial and trust-minimized architecture allows consumers, merchants, content creators, and other peers to transact on the Lightning network quickly and easily. No configuration or expertise required.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norwegian investment company focused on Bitcoin, Seetee, has become the newest investor in the Bitcoin and Lightning company Breez.<\/p>\n","protected":false},"author":2572,"featured_media":5656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[668,130,460,2458],"class_list":{"0":"post-15441","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-breez","9":"tag-lightning","10":"tag-lightning-network","11":"tag-seetee"},"author_data":{"id":2572,"name":"Namcios","nicename":"namcios","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/12\/pfp-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/breez-wants-to-make-the-lightning-network-more-user-friendly.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2572"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=15441"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5656"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=15441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=15441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=15441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}