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Blue Star Capital Plc

SDF Invests $550K In SatoshiPay For B2B X-Border Solution

The Stellar Development Foundation (SDF) has made a $550,000 strategic investment to go toward SatoshiPay‘s development of a B2B cross-border payments solution and its digital wallets, according to a press release.

SDF’s investment came by way of convertible loan notes and was the third investment the foundation has made in SatoshiPay. The convertible loan notes will likely convert at the time of SatoshiPay’s next funding round, the release states.

London-based SatoshiPay is currently testing its solution and will likely have a public beta launch in the fourth quarter this year, the company said in the release.

SatoshiPay is developing a two-way payment platform, which enables online content providers to monetise their digital content through the acceptance of nanopayments. Blue Star Capital Plc (LON:BLU) is an investing company with a focus on new technologies, their investments include a 29.4% holding in SatoshiPay.

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