The startup provides a platform for instant Bitcoin transactions utilizing the Lightning Network, which enables near-instant payments with significantly reduced fees. This technology eliminates the slow transaction speeds and high costs of traditional Bitcoin transfers, making cryptocurrency more practical for everyday use.
Funding
$6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Bitcoin transactions can be slow and expensive, hindering its practicality for everyday micro-payments and point-of-sale use cases. Traditional on-chain transactions lack the speed and low fees required for real-world adoption in retail and other high-frequency scenarios.
Solution
Breez provides a mobile Lightning Network client and SDK that enables instant, low-fee Bitcoin payments. The platform leverages the Lightning Network to facilitate near-instant transactions, making Bitcoin viable for everyday purchases. Breez offers both a mobile application for end-users and a software development kit (SDK) that allows developers to integrate Lightning payments into their own applications and services. The mobile app also features a Point-of-Sale (POS) mode, transforming the wallet into a Lightning cash register for merchants.
Target Audience
The primary target audience includes individuals seeking fast and affordable Bitcoin transactions, as well as developers looking to integrate Lightning Network payments into their applications and services.
Features
- Non-custodial Lightning Network client built on lnd and Neutrino
- Mobile app with integrated Lightning wallet for sending and receiving Bitcoin payments
- Point-of-Sale (POS) mode to accept Lightning payments as a merchant
- SDK for integrating Lightning payments into third-party applications
- Support for receiving offline payments using mobile notifications
- Lightning address support for simplified payment requests