Blue Star Capital PLC (LON:BLU) has said that SatoshiPay, the payment company in which it has 27.7% stake, has processed over €1mln of transactions for publishing clients.
German giant Axel Springer has been an early adopter of the technology as has Börsenmedien's leading German retail investor magazine Der Aktionär.
The blockchain-enabled clearing platform has allowed readers to make micro-payments for premium content rather than being forced to take out subscriptions.
In a statement, SatoshiPay chief executive Meinhard Benn said: "While processing payments for our publishers, we realised that many of the businesses selling content were very excited about the fact that funds arrived at their accounts within seconds, no matter where on the globe the payment originated from.
“Business owners asked us if they could use our technology to receive larger payments, and not just for online sales. So, we went ahead, found additional demand and built what people asked us for."
Blue Star is an early-stage investor in payments technology and esports.