Börsenmedien AG acquires stake in blockchain company SatoshiPay

07 Mar, 2019
by Joeri Cant
Börsenmedien AG acquires stake in blockchain company SatoshiPay

Börsenmedien AG, one of the leading media houses for finance information in German- speaking regions, has acquired a 5% stake in SatoshiPay as part of the payment company’s latest funding round.

Börsenmedien AG and SatoshiPay agreed upon a strategic partnership, which will allow both companies to integrate SatoshiPay’s micro payment solutions into Börsenmedien AG’s digital media outlets.

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.', the blog post reads.

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Bernd Förtsch, founder and CEO of Börsenmedien AG., said that online content is either free and monetised 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', he said.

The founder and CEO of SatoshiPay, Meinhard Benn, added that they 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.'

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San Francisco-based Stellar Development Foundation supports the partnership by supplying free credits to new readers, which can in turn be used to purchase content on Börsenmedien AG’s platforms.

Director of Partnerships at the Stellar Development Foundation, Lisa Nestor, said that enabling seamless micro-payments through a platform like SatoshiPay has tremendous value across industries and geographies.

'Enabling purchases of content is an obvious place to start', she said. '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.'

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