Frictionless micropayments with SatoshiPay

SatoshiPay, a blockchain micropayment company founded 2014 in Berlin, is exhibiting at the Master Investor Show for the third year in a row. In December 2017, SatoshiPay launched their updated product and six new strategic partnerships. Instead of Bitcoin, the company’s backend is now based on the open and free Stellar distributed ledger network as its underlying blockchain technology.

To see SatoshiPay’s micropayment technology in action, you can try it out right here in this article. Unlock the next paragraphs of this article using micropayments and click the image below to donate to The Big Issue Foundation. The Big Issue’s mission is to dismantle poverty by creating opportunity, through self-help, social trading and business solutions.

Simply click or tap the light blue SatoshiPay widget at the bottom right of the page, select “Top Up” and add credit using PayPal or credit card. Your content tokens, called “lumens”, will arrive to your browser within seconds and you can start spending straight away.

Scalable blockchain technology

In early 2017 it became evident that Bitcoin’s original vision of a peer-to-peer electronic cash system is no longer viable for everyday transactions. Due to its meteoric rise in popularity, yet stalling scalability measures and the subsequent network congestions, minimum amounts that could be sent over the Bitcoin network and transaction fees rose from under 1p to several pounds per transaction. For the SatoshiPay team this meant they could no longer wait for Bitcoin to scale, but had to decide on a new blockchain or distributed ledger to migrate their nanopayment system to.

Bitcoin transaction fees over time. Source: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Monetising where nobody has monetised before

The first application of SatoshiPay’s micropayment technology is the monetisation of web content. A publisher using SatoshiPay can now sell articles, high-resolution versions of images, PDF downloads or media files individually – without requiring the reader to sign up for a subscription first. Because SatoshiPay works across websites, it allows first-time visitors to a website to make purchases with just one click using their existing SatoshiPay balance, and without any sign-up. It enables a pay-as-you-go web.

SatoshiPay micropayments: funds move from consumer to publisher in seconds

Free top-up giveaway

In collaboration with the Stellar Development Foundation, SatoshiPay is giving away free top-ups to be used as credits in our ecosystem. The giveaway programme is available to a limited amount of users on a first-come, first-serve basis. As a publisher, this represents a significant marketing boost, because new and returning customers can instantly buy digital content items, without the need to top up using their own funds. Customers will get immediate access to high quality digital content and therefore support quality journalism.