# INTERVIEW: SatoshiPay dump Bitcoin in favour of Stellar Development Foundation

- Link: https://www.directorstalkinterviews.com/interview-satoshipay-dump-bitcoin-favour-stellar-development-foundation/412739805
- Published: 2017-11-13T14:13:19+00:00
- Author: Giles Arbor

**Blue Star Capital plc **(LON:BLU) CEO Tony Fabrizi &** SatoshiPay** founder Meinhard
Benn talk to DirectorsTalk about dropping Bitcoin (CURRENCY:BTC) as the underlying
cryptocurrency ledger in favour of Stellar Development Foundation. Meinhard explains
in simple terms what this achieves for SatoshiPay, the relationship with IOTA and
when we can expect to see some larger customers deploying the system, while Tony
explains what this means for 31% owner Blue Star Capital.

 

SatoshiPay previously has relied on the Bitcoin (BTC) network to settle nanopayments
and while transaction fees were negligible, with Bitcoin’s rising popularity in 
this year, stalled scalability improvements (through SegWit2x which would have raised
the block size to two megabytes, making faster transactions) it became clear that
Bitcoin’s original vision of a peer to peer electronic cash system was no longer
viable for everyday transactions. With this in mind SatoshiPay’s business model 
which is based on frequent low-value payments, the company explored alternatives
to Bitcoin that have a more suitable distributed ledger technology.

Blue Star Capital is an investing company with a focus on new technologies. It’s
investments include a 31% holding in SatoshiPay, a nanopayment software and blockchain
company; a holding in Disruptive Tech Limited, an investing company with five investments
including a 38% holding in VNU Group LLC (“VNU”) a speciality online direct retailer
of premium goods paid for through an instant credit facility and a holding in Nektan
PLC; and a 1% investment in Sthaler, an early stage identity and payments technology
business which enables a consumer to identify themselves and pay using just their
finger at retail points of sale.

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