The Stellar Development Foundation (SDF) has invested a further $550,000 — paid in XLM — in Berlin-based instant payment platform SatoshiPay. The SDF’s third investment in SatoshiPay brings the Enterprise Fund’s investments for the year up to a total of $6.3 million. Branching out SatoshiPay has processed more than 650,000 Euros from over 200,000 accounts, and their wallet, Solar has been downloaded by 25,000 users spanning 40 countries. The latest investment will help grow SatoshiPay’s new product, which allows businesses to conduct cross-border B2B payments, branching out from their original micropayments solution targeted at online content producers. “As one of …

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 …

SatoshiPay has announced that it will be phasing out Bitcoin, and thus Blockchain technology, as its preferred settlement network. Instead, they are partnering with the IOTA Foundation due to faster transactions with much lower fees. Bitcoin has been the original Blockchain technology on which a number of businesses have built their services on. SatoshiPay is just one of those companies to use Blockchain technology, but they are now looking beyond that to a microtransaction Blockchain-less crypto token called IOTA. SatoshiPay began using Bitcoin in 2015 as a system to settle these micropayments, and back then it was a viable option …