Recruit Co. Ltd., the intermediate holding branch of Japanese staffing and recruiting giant Recruit Holdings, has recently announced a trio of strategic investments in tech firms: cryptocurrency payment solution Breez Development, AI communication chatbot platform Techbins Solutions, and next-gen blockchain provider Coti Holdings.
Recruit Holdings is the owner of Indeed, a jobs search engine, as well as Glassdoor, a company reviews website.
Breez, headquartered in Tel-Aviv, Israel, developed a cryptocurrency wallet that uses the Lightning Network, a mechanism that extends the functionality of a blockchain, and enables high-speed processing of everyday micropayments. In general, a transaction that takes 10 minutes or more to approve on a blockchain can be safely processed in less than a second, said Recruit Co. Also, since it minimizes mining, power costs and payment fees can be reduced. The company is also developing and providing point-of-sale systems to promote the introduction of cryptocurrency payments. Recruit’s investment will be used to support improvements to the quality and use of the cryptocurrency service.
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