Stellar Micropayment Solution, SatoshiPay Raises an Additional €1mln from Strategic Investor


SatoshiPay is having a great time right now! After receiving $1 million worth of fund donation from the Stellar foundation, it has yet again secured another $1 million funding.

“Great news! In a surprise move, we’ve raised an additional €1m from a strategic investor. So it’s €2m in this funding round now,” announced SatoshiPay via Twitter.

SatoshiPay, which is powered by Stellar network is a global fast and easy micropayment solution. Recently, Stellar Development Foundation, the non-profit custodian of the 8th largest cryptocurrency has made a donation to SatoshiPay around last month for the wider adoption of Stellar Lumens.

This fund was primarily a donation for marketing purpose in order to give free credits to companies that sign up for SatoshiPay, as a way to give the users an incentive to start using the micropayments service.

Before this, in January end, SatoshiPay scored a partnership with the largest publishing house of Europe, Axel Springer to pay small amounts of Stellar for the news content.

SatoshiPay is working on saving online journalism through micropayments as it very recently shared its plan,

“By minimising the friction to pay for premium content, the chances that a reader, coming from a random platform to a publisher site, will actually pay for an article will increase tremendously. And this is exactly how micropayments can help publishers boost their revenue.”

Currently, the eighth largest cryptocurrency by market cap of $1.6 billion, XLM is trading at $0.0836 with 24-hours loss of 0.04 percent, as per the data provided by Coinmarketcap.

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