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Blue Star Capital Plc

SatoshiPay IOTA proof-of-concept launched

After completing Stage One of our project with the IOTA foundation six weeks ago, we are proud to announce the completion of Stage Two, the public release of the proof-of-concept demo site.

For the impatient, don’t hesitate to head over to the demo site and try it out: https://satoshipay.tangle.works/

You will be given 400 Testnet IOTAs to get started right away. 400i are currently less than €0.0002, and yes, it is possible to transact amounts this small and even lower on IOTA. Simply click “Fund the Channel” in the SatoshiPay panel, which opens when clicking the round orange button at the bottom right of the screen. From there simply follow the instructions on screen and experience IOTAs fee-free transactions on the web.

David Sønstebø, founder IOTA Foundation commented: “We are excited at the arrival of the live demo for the public to interact with both the IOTA and SatoshiPay technology and vision of a true decentralized micropayment ecosystem. This is a hallmark towards a true on-demand economy.”

How does it work?

While the demo looks simple and straightforward at the surface, some complex tasks are performed by your web browser in the background. Here is a step-by-step description of a payment session.

 

Blue Star Capital PLC (LON:BLU) is an investing company with a focus on new technologies. Blue Star’s investments include a 31% holding in SatoshiPay, a nanopayment software and blockchain company.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.