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Blue Star Capital Investment update on SatoshiPay

Blue Star Capital plc (LON:BLU), the investing company with a focus on technology is pleased to announce that its investee company, SatoshiPay Ltd (“SatoshiPay”), a UK incorporated private nanopayment software and blockchain company in which Blue Star owns approximately 19 per cent of the equity, now accepts top-ups of its SatoshiPay online wallet via PayPal.

Although SatoshiPay’s PayPal top-up service is currently in the beta stage of testing, the Directors believe this is an important development milestone and will allow PayPal users to pay for web content wherever SatoshiPay’s login-less payment widget is used. This means there will no longer be the requirement for SatoshiPay users to use cryptocurrencies, instead they can simply use their PayPal account to utilise the nano payment benefits SatoshiPay offers. Furthermore, it is anticipated that publishers of online products, such as blogs, will be able to monetise their following with far greater ease.

Tony Fabrizi CEO of Blue Star Capital Plc commented: “The extension of SatoshiPay’s service via PayPal is an important step in the roll-out of the service and should broaden SatoshiPay’s user base significantly. We remain excited by the potential of SatoshiPay and hope to announce further developments during the course of this year.”

Meinhard Benn CEO of SatoshiPay commented: “the evolution of our service is gaining momentum and we believe this development will help illustrate the scale of the opportunity for nanopayments. We know a number of existing and potential customers have been waiting for the broadening of the service and we look forward to working with them over the coming months.”