Blue Star Capital plc Investment update on SatoshiPay (3520F)
17 May 2017 - 4:00PM
UK Regulatory
TIDMBLU
RNS Number : 3520F
Blue Star Capital plc
17 May 2017
Blue Star Capital plc
("Blue Star" or the "Company")
Investment update on SatoshiPay
Blue Star Capital plc (AIM: 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 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".
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 ("MAR").
For further information, please contact:
Blue Star Capital
plc
Tony Fabrizi +44 (0) 777 178 2434
Cairn Financial Advisers
LLP +44 (0) 20 7213 0880
(Nominated Adviser)
Emma Earl/Jo Turner
Smaller Company Capital
Limited +44 (0) 203 651 2911
(Broker)
Rupert Williams/Jeremy
Woodgate
About Blue Star Capital Plc
Blue Star is an investing company with a focus on technology and
its applications within media and gaming. Blue Star's investments
include a 19 per cent. 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 PL; and an 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.
About SatoshiPay Ltd
SatoshiPay is headquartered in London with development led
through its office in Berlin. Angel funding for SatoshiPay Ltd was
supplied by Axel Springer Plug & Play and Henning Peters, seed
funding was raised through publicly listed companies Coinsilium
Group (ISDX:COIN) and FastForward Innovations (LON:FFWD).
Development of SatoshiPay's nanopayment product started in April
2015 and its beta version was released in February 2016. Find
updated information at the company's website https://satoshipay.io,
its blog https://medium.com/@SatoshiPay and Twitter
@SatoshiPay.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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