SatoshiPay Gets €160,000 Investment from Jim Mellon Fund
Kuala Innovations has funded its first bitcoin industry startup. Jim Mellon, executive director of Kuala Innovations - and reportedly one of Britain's richest men - confirmed the news, telling CoinDesk the group now owned 10% of SatoshiPay, a bitcoin micropayments solution aimed at content providers. Mellon added: 'This is the first investment Kuala has made in a bitcoin-related company; previously it has invested in medical technology.' He said Kuala was 'very attracted' to the concept of frictionless micropayments. Although Mellon declined to divulge specifics, SatoshiPay said in a blog....
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SatoshiPay is looking to complete and release its public beta very soon, and following that, launch its first live version of the technology. The fund’s raised from this seed round will likely fund these steps forward. On January 25, 2015, Coinsilium announced an increased shareholding in bitcoin nanopayment processor SatoshiPay. The investment marks the closing of a seed round that brought in €360,000 worth of capital for SatoshiPay – capital that will fund the development of the platform’s public beta (reportedly, just around the corner). In light of the latest development, let’s have a....
SatoshiPay has just announced the closing of its seed round, which values the company at €1.6 million. Here's what you need to know. On January 25, 2015, Coinsilium announced an increased shareholding in bitcoin nanopayment processor SatoshiPay. The investment marks the closing of a seed round that brought in €360,000 worth of capital for SatoshiPay – capital that will fund the development of the platform’s public beta (reportedly, just around the corner). In light of the latest development, let’s have a look at the capital raise and what it means for SatoshiPay. First, let’s talk about....
Bitcoin micropayments startup SatoshiPay has secured nearly $700k in new capital as part of a broader fundraising effort. Blue Star Capital announced this week that it was investing €640k (roughly $684k) in the startup. SatoshiPay develops content monetization tools for processing tiny transactions denominated in bitcoin. According to statements from Blue Star, SatoshiPay is in the midst of completing a €1m funding round that, if successful, will value the startup at a reported €6m. The startup later said it expects to close the round this week. The funding comes more than a year after the....
Berlin-based tech company SatoshiPay has released a beta version of their micropayments system which allows users to pay very small amounts of Bitcoin for content that they deem as tip-worthy. The payments are administered using blockchain technology and can be for amounts as small at 0.01 Euro or less. While the concept of nanopayments isn’t entirely brand-new in the realm of Bitcoin or other currencies, the process has been streamlined and made much easier by SatoshiPay. Some of their potential competitors have chimed in on their progress as well offering praise for giving consumers new....
Bitcoin seems to hold a lot of merit in the world micro- and nano-transactions. SatoshiPay is one of the companies exploring this space, and they have released their new API earlier today. Additionally, the company also announced they reached the milestone of 10,000 user-generated wallets. Content creators are always looking for new ways to monetize their efforts, yet it is proving increasingly difficult to do so. The traditional business model of hosting advertisements or using Google Adsense is becoming less profitable due to ad blockers. Erecting a paywall and forcing visitors to pay....