The funding will help accelerate Breez’s mission of using Lightning to empower developers and users to realize new use cases for Bitcoin.
Breez, a Lightning solution service provider, has raised $4.5 million in an oversubscribed funding round led by ego death capital and Entrée Capital. Other industry funds that participated include Hivemind Ventures, Fulgur Ventures, Hawk Digital Innovation and Bitcoiner Ventures.
In a press release sent to Bitcoin Magazine, Breez CEO Roy Sheinfeld commented on the company’s Lightning as a Service (LaaS) approach, saying, “Our goal remains to bring Lightning to the masses, as it was on day one. LaaS is a natural evolution towards that goal. Conceptually, it’s the best way to scale Lightning globally without sacrificing the values and attributes that make bitcoin history’s ultimate currency.”
The company describes Lightning as a Service as, “…Breez’s visionary new approach to bringing virtually instantaneous and frictionless bitcoi
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