Tech investor Blue Star Capital PLC (LON:BLU) has flagged progress by digital payments specialist SatoshiPay, a company in which it has a 27.9% holding.
Back at the end of January SatoshiPay announced it would work with German digital media giant Axel Springer on a product driven by blockchain technology that would enable users to pay for content with the digital SatoshiPay Wallet.
SatoshiPay has now launched its first service with Axel Springer; it is the Tatorte website, which provides a real-time map with police reports in Germany. The service went live with a prepaid subscription service powered by SatoshiPay's payment technology and with free user credits supplied by the Stellar Development Foundation.
According to the partnership agreement, SatoshiPay's payment solution will be rolled out to other Axel Springer online properties should the pilot phase of Tatorte conclude successfully.
Micropayments service goes live with German financial news service
Elsewhere, SatoshiPay has very recently gone live with its micropayments solution with Der Aktionär, a leading German financial news source that is part of the Börsenmedien group, which like Blue Star is an investor in SatoshiPay.
Aktionär is the first website to feature SatoshiPay's upgraded user interface design, dubbed SatoshiPay 2.0. Der Aktionär intends to add further paid content which can be purchased with SatoshiPay's solution in the near future and it is expected that the solution will be rolled out to other digital outlets of Börsenmedien AG.
SatoshiPay announced yesterday it is introducing a new service called SatoshiPay B2B that will allow businesses to execute instant cross-border payments of any amount.
The launch of this business-to-business (B2B) service marks SatoshiPay's move into macro payments, which is by far the largest segment of the global payment market.
"These two launches mark the next big step in SatoshiPay's growth story - a push into the mainstream. We are looking forward to extending these projects to additional paid content offerings of our partners and the development of new partnerships inspired by these excellent applications of our technology,” said Meinhard Benn, the founder and chief executive officer (CEO) of SatoshiPay.
Tony Fabrizi, the chief executive officer of Blue Star, said, “The launches with publishing assets of Axel Springer and Börsenmedien should provide the foundations for further and faster growth within the publishing vertical while the new launch within the B2B payments space represents an important diversification."