Börsenmedien AG acquires stake in blockchain company SatoshiPay
Kulmbach/Berlin, Germany, 7 March 2019 — Börsenmedien AG has acquired a 5 percent stake in 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 monetised through ads or charged for — in which case readers have to sign-up for a subscription or deal with paywalls,” says Bernd Förtsch, founder and CEO of Börsenmedien AG. “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.”
Meinhard Benn, Founder and CEO of SatoshiPay adds:
“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.”
Lisa Nestor, Director of Partnerships, Stellar Development Foundation comments:
“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.”
About Börsenmedien AG
Börsenmedien AG is one of the leading media houses for finance information in German- speaking regions. The owner-operated business is based in Kulmbach and unites several successful brands under its roof, such as Germany’s largest stock market journal DER AKTIONÄR and DER AKTIONÄR TV, the moving image portal for investors. Since its foundation in 1989, the company has continuously delivered innovative products.
Its mission has always been to deliver profound and valuable information to private investors across every media channel, be it print, digital or TV.
About SatoshiPay
SatoshiPay was founded in 2014 and is headquartered in London, with development led through its Berlin office. SatoshiPay offers a frictionless micropayment solution to help digital publishers monetise content globally. The SatoshiPay platform is based on scalable blockchain technology. To further develop its universal B2B micropayment platform the company has entered into partnerships with blockchain projects Stellar, Aergo and Aeternity. Find frequently updated information at the company’s website satoshipay.io, its blog medium.com/@SatoshiPay and Twitter @SatoshiPay.
