Major European Publisher Axel Springer Partners with SatoshiPay

Published at: Feb. 1, 2019

Europe’s largest digital publisher Axel Springer SE has partnered with blockchain startup SatoshiPay to enable direct payments using blockchain, investment news agency London South East reports on Jan. 31.

Blockchain micro payment firm SatoshiPay has reportedly started a collaboration with Axel Springer yesterday, Jan. 31, in order to develop a platform enabling readers to pay for content using SatoshiPay Wallet.

According to the article, the new blockchain solution will enable direct payments eliminating third party involvement, and will be integrated into Axel Springer products in order to get experience in user acceptance.

The press release was provided by tech-focused investment firm Blue Star Capital (BLU), which reportedly has a 30 percent stake in SatoshiPay. Blue Star Capital has seen a rise in share price subsequently after the partnership announcement, with its shares having reportedly grown by 20 percent to 0.16 pence ($0.21) on Jan. 31, as reported by British daily tabloid newspaper Morningstar.

Valentin Schöndienst, senior vice president of new business and “Mr. Blockchain” at Axel Springer, said that blockchain tech has the potential to enable a new option for content monetization by reducing transaction costs significantly.

Axel Springer SE is the biggest digital publishing company in Europe, containing a number of media news brands including Business Insider, Rolling Stone and others. The company reportedly generated around 3.3 billion euros ($3.7 billion) in total revenues in the financial year of 2015.

Earlier in January, blockchain tech firm ConsenSys joined a project developing a new revenue-generating news platform by WordPress, the world’s most popular website management system. Through an investment of $350,000, ConsenSys joined leading publishing industry organizations such as Google News, The Lenfest Institute for Journalism and The John S. and James L. Knight Foundation.

Tags
Adoption
Blockchain
United Kingdom
Europe
Mainstream
Satoshipay
Related Posts
Europe’s Crypto Believers on the Rise Amid COVID-19 Crisis, bitFlyer Says
Europeans are getting more confident about the future of the cryptocurrency industry amid the coronavirus pandemic, according to a new report. People in Europe are becoming more optimistic about the Blockchain space. In 2020, more Europeans believe that crypto will exist in 10 years than ever before, bitFLyer exchange reported on April 29. Amount of crypto believers in Europe edges up 3% in 2020 According to a new survey by bitFLyer, the number of Europeans who believe that crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020. The survey is part …
Adoption / April 29, 2020
CB Insights’ Blockchain 50 lists US, UK and Switzerland as adoption hotbeds
Research firm CB Insights and Blockdata, the data company acquired by CB Insights in September of this year, have unveiled their first-ever annual “Blockchain 50” list, which consists of 50 private companies applying or analyzing blockchain technology to solve business- or consumer-related problems across various industries. Jonathan Knegtel, CEO and co-founder of Blockdata, told Cointelegraph that the Blockchain 50 list represents an annual ranking of the 50 most promising companies within the blockchain ecosystem. Specifically speaking, Knegtel noted that this year’s companies are tackling consumer and enterprise use cases: “This inaugural class of the Blockchain 50 consists of companies that …
Adoption / Dec. 17, 2020
UK-Based Industry Group Develops Blockchain Tool to Track Firms' Sustainable Commitments
A U.K.-based industry body for the responsible finance sector revealed plans to introduce a blockchain tool to monitor firms’ sustainable commitments, Reuters reports Wednesday, Oct. 17. The Responsible Finance & Investment (RFI) Foundation is developing a blockchain-powered tool to track companies’ sustainable commitments and to detect those entities who do not comply with their ethical credentials. The new system is expected to enable the industry group to reduce so-called “greenwashing,” a practice that implies firms claiming that they are more ethical or ecologically friendly than they are in fact. The RFI Foundation’s initiative comes as a part of a plan …
Adoption / Oct. 17, 2018
UK Telecoms Regulator Receives Grant to Deploy Blockchain for Telephone Number Management
The United Kingdom (U.K.) Office of Communications (Ofcom) has received a £700,000 ($916,00) grant from the Department of Business, Energy and Industrial Strategy (BEIS) to explore blockchain technology, according to an announcement published Oct. 8. The grant will purportedly help the U.K. telecoms regulator examine how blockchain can improve the management of landline telephone numbers. Established in 2016, the BEIS is a government department supported by 46 agencies and public bodies and responsible for business, industrial strategy, science, innovation, and energy and climate change policy. Per the announcement, Ofcom is looking to involve industry participants to test the movement and …
Adoption / Oct. 8, 2018
Inflation spikes in Europe: What do Bitcoiners, politicians and financial experts think?
Rising prices are grabbing headlines all over the world. Across the pond in the United States, inflation recently broke a 40-year record. The situation is severe in Europe, with prices rising over 5% across the Eurozone and 4.9% in the United Kingdom. While prices rise, Bitcoin (BTC) is flatlining at around $39,000. It poses many questions: Is Bitcoin an effective hedge against rising prices, what role can Bitcoin play in a high inflation environment and did Bitcoiners know that inflation was coming? Experts from the world of Bitcoin, finance and even European politics responded to these questions, sharing their views …
Adoption / March 10, 2022