Founded in 2014, SatoshiPay is a UK-based company that processes micropayment transactions creating monetization opportunities for content creators. The company offers a payment platform allowing content providers to charge consumers a small fee to read, watch, or listen to content.
In the past, the company used bitcoins (or smaller Bitcoin units called, “satoshis”). Now SatoshiPay processes payments using Stellar Lumens. SatoshiPay has received four rounds of funding totalling more than two million Euros.
SatoshiPay was founded in Berlin, Germany by Meinhard Benn, Henning Peters, and Kilian Thalhammer. The company was a part of the Axel Springer Plug and Play Accelerator, which included numerous other technology companies.
SatoshiPay launched an API on May 31, 2016. Due to Bitcoin’s inability to scale to large numbers of transactions and its fees becoming prohibitive, the company relaunched their platform based on the Stellar network in December 2017. On July 26, 2018, SatoshiPay announced its intention to hold a public IPO.
Micropayments startup SatoshiPay has partnered with Europe’s largest digital publishing house, Axel Springer SE, to process blockchain payments for its content globally.
More and more companies are joining the crypto world starting with acceptance of crypto payments. Now users of The Register will be allowed to pay in XLM.
