In line with a recent report published by a native news agency named ‘London South East’, major European digital publisher named ‘Axel Springer SE’ has partnered with renowned blockchain startup company named ‘SatoshiPay’ to offer direct payments employing blockchain technology.
Blockchain micro payments company SatoshiPay has reportedly started a collaboration with Axel Springer recently on 31st Jan., so as to develop a platform providing native readers to buy content using SatoshiPay digital wallet.
In line with the article, the new blockchain solution will let direct payments removing any third party involvements, and would be further integrated into Axel Springer products so as to urge expertise in user acceptance.
The announcement was provided by tech-focused financial investment firm named BLU [Blue Star Capital], that ‘reportedly‘ has around 30% stake in SatoshiPay. BLU Capital has seen an increase in share price lately after its partnership announcement, with its shares having reportedly fully grown by 20% to 0.16 pence [around $0.21 USD] on 31st Jan., as reported by British daily tabloid newspaper named ‘Morningstar’.
Senior vice president of new ‘business‘ and “Mr. Blockchain” at Axel Springer named ‘Valentin Schöndienst’, aforementioned that blockchain tech has the potential to offer a modified option for content monetisation by reducing transactional prices considerably.
Axel Springer SE is the major digital publishing firm in Europe, containing variety of media news brands ‘together‘ with Business Insider, Rolling Stone along with others. The firm reportedly generated around 3.3 Bln Euros ($3.7 Bln) in total revenues within the financial year of 2015.
Even earlier in Jan., blockchain tech firm named ‘ConsenSys’ joined a project developing a new revenue-generating ‘news platform‘ by WordPress, the world’s most preferred web-site management system. via an investment of $350,000 USD, ConsenSys joined leading publishing organizations like Google News, The Lenfest Institute for Journalism and The John S. and James L. Knight Foundation.