Börsenmedien AG, a media house for financial information in German-speaking regions, announced today it has acquired a 5 percent stake in crypto micropayment app SatoshiPay as part of the payment company’s latest funding round.
In addition to the investment, the two companies agreed upon a strategic partnership.
Both companies are currently working on integrating SatoshiPay’s payment solution into Börsenmedien AG’s digital media outlets. Using SatoshiPay, online readers will be able to pay for premium content with just one click.
The solution leverages blockchain technology, supplied by the Stellar distributed ledger network, to send payments directly from the reader’s wallet to the publisher. This is done without any intermediary and with network transaction costs significantly below 1c.
San Francisco based Stellar Development Foundation supports the partnership by supplying free credits to new readers, which can be used to purchase content on Börsenmedien AG’s platforms and to get familiarised with the SatoshiPay wallet.
“Online content is either free and monetized through ads or charged for — in which case readers have to sign-up for a subscription or deal with paywalls. There’s a gap in between: inexpensive content that can be purchased on a pay-per-article plan, without hassle. SatoshiPay’s nanopayment solution represents that missing link that fills the gap. We are excited about our stake in SatoshiPay, as well as the upcoming integration of their solution on our websites.”
“We are delighted to have gained Börsenmedien AG as a strategic partner that firmly believes in SatoshiPay’s vision — both, as an investor and as a content provider. The groups’ digital formats, such as videos, PDF downloads or e-books represent an ideal use case for our technology. We are looking forward to further develop our product in close collaboration with Börsenmedien’s editorial and product teams.”
“Enabling seamless micro-payments through a platform like SatoshiPay has tremendous value across industries and geographies. And enabling purchases of content is an obvious place to start. SatoshiPay continues to execute on their vision, signing on high-value partners like Börsenmedien AG. We are excited to see the company grow and continue to be a leader in the industry.”