SatoshiPay Testing PayPal Support

Announcements, Blockchain, FinTech, Innovation, Investing, News | May 18, 2017 By:

Nano-payments company SatoshiPay has a beta program underway that it hopes will allow top-ups of its online wallet via PayPal.

AIM-traded investment firm Blue Star Capital announced that SatoshiPay, in which Blue Star Capital has a 19 percent equity interest, has added PayPal as a new method for users to recharge their accounts. The company said that the new Paypal feature will open up SatoshiPay’s services to 200 million active PayPal user accounts across 200 markets worldwide.

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

“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,” said SatoshiPay founder and CEO Meinhard Benn. “We are officially expanding out of the bitcoin and blockchain niche into a broader market of publishers.”

SatoshiPay’s PayPal top-up service is currently in beta. The company said it will continue to roll out improvements over the coming weeks.

“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,” Blue Star Capital CEO Tony Fabrizi. “We remain excited by the potential of SatoshiPay and hope to announce further developments during the course of this year.”