SatoshiPay to Become First User of German Bank’s Euro Stablecoin

The U.S. company Circle is launching a regulated stablecoin that is pegged to the euro, but what does this mean for the eurozone? The market capitalization of Tether (USDT), a United States dollar-pegged stablecoin, is currently over $65 billion. USD Coin (USDC), another stablecoin backed by the U.S. dollar, clocks in near $55 billion. Some reports estimate that the total market cap of dollar-backed stablecoins is over $160 billion.Despite this success of dollar-based stablecoins, there has not been a euro stablecoin that is even remotely comparable in size. By the end of June, 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....

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....

While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the last seven months. Euro-Pegged Stablecoins Cross Half a Billion in Value Since the Start of the Year Today, most of the stablecoin economy’s value is based on tokens backed by the U.S. dollar, but a small number of....