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Recruit invests in cryptocurrency processing firm

June 10, 2019

Recruit Co. Ltd., one of the world’s largest staffing firms, reported an investment in Breez Development Ltd., a Tel-Aviv, Israel-based firm that developed an online cryptocurrency wallet that aims to improve cryptocurrency payment processing ability.

Breez’s product enables high-speed processing of micropayments, according to Recruit. A transaction that takes 10 minutes or more to approve on a blockchain can be processed in less than a second using the Breez technology, it said.

CEO of Breez is Roy Sheinfeld; the company was established in May 2018.

The investment was made through Recruit’s RSP Fund No. 6 LLC.

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