SatoshiPlay, which is a partner of the Stellar Lumens blockchain, has announced that it would go public and be a part of the London Stock Exchange’s AIM market recently. Once the company makes its Initial Public Offering (IPO) on AIM, it will have access to a very liquid market and also to institutional money from investors.
This might be a game changer for the blockchain industry in London and for Stellar in specific, as it will be a great helping hand to have a company on the stock exchange that is its partner.
The Stellar Lumens And SatoshiPlay Partnership
After the partnership between the two companies, they started to give away Stellar Lumens tokens (XLM) to some users, which can use it on the ecosystem or to pay for nano payments on the SatoshiPlay platform.
The initiative is part of a marketing boost play to help the privileged customers to use the platform and to get things for free so they will call their friends to the platform.
The CEO of SatoshiPlay, Meinhard Benn, believes that companies can use micropayments as a way to reduce advertising and cater to the demands of the clients while still being able to produce content that is relevant. The co-founder of Stellar, Jeb McCaleb, is also excited about the partnership. He believes that they may affect millions of consumers in a very positive way.
📢 SatoshiPay getting ready for IPO in London 📈 https://t.co/p2hjgY8o2B
— SatoshiPay (@SatoshiPay) July 26, 2018
The SatoshiPlay IPO
SatoshiPlay has already announced to the media that Daniel Masters, who is the director of Global Advisor Holdings Limited and Coinshares Holdings Limited will support the company with a total of $566,000 GBP during the funding of the company on the IPO.
According to Benn, this will be a major leap for SatoshiPlay. The company was founded in 2014 and in four years it was able to go to the stock market because it has been very successful so far.