Startup SatoshiPay signed a partnership agreement with Europe’s largest media company Axel Springer SE for the processing of payments using the blockchain around the world.
Now readers of the publications included in the media group Axel Springer will be able to pay for any of the content cryptocurrency using purse SatoshiPay.
The crypto-based blockchain Stellar, will be integrated into all online products of Axel Springer and all of your payments will be directly credited to the account of the publisher. The strengths of the solution is instant payment processing and work with different currencies, including the dollar and the Euro.
Sentient Valentin (Valentin Schöndienst), senior Vice President of Axel Springer:
“Payments based on blockchain, can significantly reduce transaction costs and will allow you to create a new system of content monetization. SatoshiPay offers us and our customers a turnkey solution.”
SatoshiPay startup founded in 2014. In 2015 participated in the program of Axel Springer Plug and Play for startups. The project is also having a Stellar Development Foundation – the organization provided a major grant for the implementation of payment solutions.
Axel Springer SE is one of the largest publishing houses in Europe, uniting brands such as Business Insider, Bild and Die Welt. However, more than 60% of revenue of the company (over $3.6 billion in 2017) provide the online media, so this segment is of key importance.