SatoshiPay Becomes Beneficiary of Stellar Development Foundation’s $1 Million Grant
SatoshiPay has received a $1 million grant from the Stellar Foundation. SatoshiPay services run on top of the Stellar network allowing them to run smoothly. The main intention is to reach wider adoption. The information was released by Decrypt on February 21.
The grant will help the company improve its marketing strategy giving free credits to firms that sign up for SatoshiPay. The grants of up to $100,000 will be offered to companies that set up a paywall on their sites. SatoshiPay will be giving $10 of free credit for companies and users to start using the micropayments service.
Emanuel Coen, growth manager at SatoshiPay, commented during a conversation with Decrypt:
“This is targeted towards innovators. We want to see new use cases and develop our API’s to fit the requirements of these startups. Essentially this is a way to get real customer feedback in development and hopefully grow with those startups if they succeed.”
Companies can apply for this program if they are interested in micropayments. Some of the sectors that could be benefited are gaming, tipping or rewarding customers. For example, the gaming industry made over $134 billion in profits in just a year.
Coen mentioned that they try to cater to an audience of builders of products that want to monetize their services and micropayments can help. With these services, it is possible for companies to improve user experience and attract new customers.
SatoshiPay is a company that focuses on micropayment solutions for companies located all around the world. They offer an out-of-the-box solution, one-click purchases and low cost and instant payouts.
Stellar (XLM) is a blockchain network that is working with different firms. One of the companies that partnered with Stellar is IBM, which powers part of its services with the Stellar network. The digital asset XLM is currently the 8th largest with a market capitalization of $1.73 billion. Each XLM coin can be purchased for $0.09.