Wall Street is convinced that blockchain is set to radically transform the world of finance. But exactly how and when that transformation will transpire is uncertain.
Blockchain, which gained notoriety as the technology behind the cryptocurrency bitcoin, is thought to have the potential to improve numerous businesses including banking, payments, and the capital markets.
Cognizant, a US-based digital consulting firm, recently surveyed over 1,500 executives from over 570 financial services firms on their respective strategies for integrating the technology into their infrastructure.
SatoshiPay is a company that processes nanopayment transactions usually in the form of bitcoins (or smaller Bitcoin units called, “satoshis”). SatoshiPay’s technology is a two-way platform that enables content providers to charge consumers small amounts of money to gain access to the provider’s media.
Blue Star Capital PLC (LON:BLU), the investing company with a focus on technology and its applications within media and gaming, confirmed on 31st January 2017 that it had completed its investment in SatoshiPay.