logo-loader

Blue Star Capital says investee SatoshiPay launches new payments platform

Published: 09:46 22 Sep 2020 BST

Blue Star Capital PLC - Blue Star Capital says investee SatoshiPay launches new payments platform

Blue Star Capital PLC (LON:BLU) has noted that its investee company SatoshiPay has launched its new business-to-business payments platform DTransfer to facilitate instant cross-border payments for businesses. 

Built on SatoshiPay's blockchain technology and the Stellar network, DTransfer looks to establish a new standard for global payments, focussing on speed, cost and transparency.

READ: Blue Star Capital notes investee company Guild Esports intends to float on the London Stock Exchange main market later this year

It integrates currency exchange into each transaction for customers to track payments in real-time, while will allow approved banks and businesses to join a compliance network to share KYC/KYB data, the company said.

To date, DTransfer has connected its payment platform to banking networks in Europe, US, Mexico, Nigeria and Tanzania and has signed up its first client, a European business operating in the microfinance industry in sub-Saharan Africa.

DTransfer is in the process of connecting further local banking networks in Europe, Asia and the Americas, Blue Star noted.

The AIM-listed investing company owns 27.7% of the SatoshiPay's share capital.

“The launch of DTransfer is an important step in SatoshiPay's diversification into B2B payments,” said Tony Fabrizi, chief executive of Blue Star in a statement.

“DTransfer aims to provide customers with a quicker, more competitively priced and transparent process than the competing products provided by the banking industry.”

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

1 hour, 10 minutes ago