Wednesday March 03, 2021
Bitcoin (BTC) $49,360.00   Ether (ETH) $1,548.52
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Crypto Payments

SatoshiPay adds PayPal as new medium for users to recharge their accounts

Published by CryptoNinjas.net
05/17/2017

It was announced today by Coinsilium Group Limited (NEX:COIN), the accelerator that finances and manages the development of early-stage blockchain technology companies that SatoshiPay Ltd, a nano-payments company in which Coinsilium has a 12.08% equity interest, has added PayPal (NASDAQ:PYPL) as a new medium for SatoshiPay users to recharge their accounts, opening up SatoshiPay’s services to 200 million active PayPal user accounts across 200 markets worldwide.

“We are super excited about adding the PayPal option to our platform as this means that every website with every imaginable target audience can start selling articles, PDFs, audio/video files or other digital goods using SatoshiPay. We are officially expanding out of the bitcoin and blockchain niche into a broader market of publishers.”
– Meinhard Benn, Founder and CEO of SatoshiPay

Although SatoshiPay’s PayPal top-up service is currently in the beta stage of testing, this is an important development milestone and will allow PayPal users to pay for web content wherever SatoshiPay’s login-less payment widget is used.

This means there will no longer be the requirement for SatoshiPay users to use cryptocurrencies, instead, they can simply use their PayPal account to utilize the nano payment benefits SatoshiPay offers. Furthermore, it is anticipated that publishers of online products, such as blogs, will be able to monetize their following with far greater ease.

SatoshiPay was incipiently designed for bitcoin-based nanopayments, due to its ease of use and speed. Though, with the increase in Bitcoin network fees, it has made this concept less viable and not as ideal as imagined for the company.

Tony Fabrizi CEO of Blue Star Capital plc (AIM: BLU), also an investor which owns approximately 19% of SatoshiPay commented:

“The extension of SatoshiPay’s service via PayPal is an important step in the roll-out of the service and should broaden SatoshiPay’s user base significantly. We remain excited by the potential of SatoshiPay and hope to announce further developments during the course of this year.”

About SatoshiPay Ltd  

SatoshiPay is developing a two-way payment platform, which enables online content providers to monetize their digital content through the acceptance of nanopayments. SatoshiPay is headquartered in London with development led through its office in Berlin.

Angel funding for SatoshiPay Ltd was supplied by Axel Springer Plug & Play and Henning Peters, seed funding was raised through publicly listed companies Coinsilium Group Limited (NEX:COIN) and FastForward Innovations (LON:FFWD). Development of SatoshiPay’s nanopayment product started in April 2015 and its beta version was released in February 2016.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

SatoshiPay secures $550,000 investment from Stellar Development Foundation
Capital Raising

SatoshiPay secures $550,000 investment from Stellar Development Foundation

05/28/2020
SatoshiPay integrates MoonPay for fiat XLM purchases in Solar wallet
Featured

SatoshiPay integrates MoonPay for fiat XLM purchases in Solar wallet

01/29/2020
SatoshiPay pilots global blockchain payments wallet for businesses
Crypto Payments

SatoshiPay pilots global blockchain payments wallet for businesses

12/09/2019
Cambridge Blockchain gets investment from PayPal in Series A round
Capital Raising

Cambridge Blockchain gets investment from PayPal in Series A round

04/02/2019
æternity invests in SatoshiPay, integrates micropayments and smart contract support
Vendor Technology

æternity invests in SatoshiPay, integrates micropayments and smart contract support

03/19/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

Horizen to integrate IOTA Oracles on its sidechain protocol Zendoo

03/01/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

Crypto services firm BCB Group raises $4.5M led by North Island Ventures and Blockchain.com Ventures

03/02/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Crypto exchange BiKi cooperates with Hacken on security test

Crypto exchange BiKi cooperates with Hacken on security test

03/02/2021
Binance makes strategic investment in crypto hedge fund Multicoin Capital

Binance makes strategic investment in crypto hedge fund Multicoin Capital

03/02/2021
Crypto investment platform Unchained Capital closes $5.5M funding round

Crypto investment platform Unchained Capital closes $5.5M funding round

03/02/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version