HomeBlockchainSatoshiPay uses the Stellar blockchain for micropayments

SatoshiPay uses the Stellar blockchain for micropayments

One of Europe’s leading online publishers has decided to start using SatoshiPay for payments, which uses the Stellar blockchain.

The publishing house Axel Springer owns titles such as Business Insider and Die Welt and Rolling Stone in the German version.

Axel Springer will accept crypto payments thanks to a partnership with SatoshiPay. The cryptocurrencies earned will go directly to the publishing house’s wallet, without the need for intermediaries.

Axel Springer’s Vice President, Valentin Schöndienst, explained:

“Blockchain payments can significantly reduce transaction costs and thus enable new monetisation systems for content”.

Founded in 2014, SatoshiPay has used Bitcoin’s blockchain from July 2017, but then in November of the same year, the company decided to start using Stellar’s blockchain due to the lower transaction costs for payments.

The blockchain was invented in 2008 and it is since then that its application in the field of micropayments was talked about. By eliminating intermediaries and therefore transaction costs, the technology can allow users to pay a few cents of dollars for online content.

Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
Esperta di digital marketing, Amelia inizia a lavorare nel settore fintech nel 2014 dopo aver scritto la sua tesi di laurea sulla tecnologia Bitcoin. Precedentemente è stata un'autrice di diversi magazine crypto all'estero e CMO di Eidoo. Oggi è co-founder e direttrice di Cryptonomist, oltre che Italian PR manager per l'exchange Bitget. E' stata nominata una delle 30 under 30 secondo Forbes. Oggi Amelia è anche insegnante di marketing presso Digital Coach e ha pubblicato un libro "NFT: la guida completa'" edito Mondadori. Inoltre è co-founder del progetto NFT chiamati The NFT Magazine, oltre ad aiutare artisti e aziende ad entrare nel settore. Come advisor, Amelia è anche coinvolta in progetti sul metaverso come The Nemesis e OVER.
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