SatoshiPay Crypto Micropayment App Sees 5% go to Börsenmedien AG in New Acquistion Deal
Nano payments enabled by the blockchain and cryptocurrency features are gradually establishing market positions.
The latest development is from a German-oriented financial insights media known as Borsenmedien AG which acquired a 5% share in the SatoshiPay application. This position was secured through a crowd fund held by SatoshiPay in which Borsenmedien participated.
Furthermore, the two entities agreed to a partnership that will both improve their fundamentals. Borsenmedien AG plans to leverage SatoshiPay for its ecosystem by integrating the App to its media outlets. This will in turn enable interested readers to pay for premium content in just a few clicks.
The logic behind P2P payments is facilitated by the digital ledger designed by Stellar. Users can easily send crypto payments via this network and access their preferred content without 3rd parties hiking transaction costs. Ideally, it would cost less than 1c to operate the services offered by Borsenmedien AG through SatoshiPay Nano payments.
At the moment, Stellar is fuelling market adoption for these products by giving free credits to new users. They can use the same for purchasing content from Borsenmedien AG as they get acquainted with SatoshiPay.
Ben Fortsch, CEO and Founder of Borsenmedien, is confident about SatoshiPay’s ability to fill the niche in the space of content economics. The CEO said that monetization of content still lacks behind having to rely on ads or charged through a long payment process. Therefore, SatoshiPay is a perfect fit solution whereby readers can simply buy specific content from integrated websites without a hassle.
The sentiments were echoed by his counterpart, Meinhard Benn, the founder and CEO of SatoshiPay who said that they happy to have Borsenmedien as a partner and investor. He added that the products which include PDF and E-books are the target of SatoshiPay tech hence good prospects in this relationship.
Stellar’s Director of Partnerships, Lisa Nestor, commended the move and emphasized on the potential of SatoshiPay. Lisa noted that the entity has been making major alliances in the industry owing to the fundamental value of its product especially in the world of content creation.