Partner of Stellar Lumens, SatoshiPay takes ‘giant leap’ to go public on London Stock Exchange 19631
News
Madhurima Roy
Jul 27, 2018 at 2:10 PM

The partner of Stellar, SatoshiPay announced that it is gearing up to go public on the London Stock Exchange’s AIM, a market for growth companies. Once SatoshiPay starts its Initial Public Offering (IPO) on AIM, SatoshiPay will gain access to an extremely flourishing liquid market and institutional investors.

With SatoshiPay getting listed, which might be in the later part of the year, it will be a game-changer among the blockchain businesses in London.  The Stellar partnership will aid the company to detangle digital micro payments for online content.

SEE ALSO: TransferTo transfers its cross-border payments to an upgraded level with Stellar Lumens

The SatoshiPay and Stellar Lumens partnership

SatoshiPay and Stellar Lumens have muscled up and started giving away lumens (XLM) that can be used as credits in the former’s ecosystem. It is not directed to all the users, but only a few of them can access it to be used as credit on SatoshiPay’s nanopayments platform.

SatoshiPay believes that the initiative is a major “marketing boost” that will help the privileged customers to “buy your stuff immediately. And, as a customer, it means that you get to get access to a lot of free stuff. A win-win."

Meinhard Benn, the CEO of SatoshiPay, said: “We see blockchain technology and Stellar in particular as a significant enabler of this evolution. With micropayments, publishers can cater for their readers’ demand for reduced advertising, whilst charging a small fee for viewing content.”

SEE ALSO: Stellar Lumens [XLM] price analysis: XLM climbs even higher

Excited about the partnership, Jed McCaleb, co-founder of the Stellar Development Foundation, said: “This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers.”

The IPO funding

SatoshiPay has also announced that Daniel Masters, who is the Director- Global Advisors (Holdings) Limited and Coinshares (Holdings) Limited will be supporting them with €566k in their pre-IPO funding.

“This is a giant leap for SatoshiPay, and I am extremely proud that the startup I co-founded in 2014 has grown into a company that, with the support of an amazing team and fantastic investors, is now approaching a stock market float, the CEO of SatoshiPay, Meinhard Benn stated.

Other Related Articles

Image via Shutterstock

Join our Telegram group