Blue Star Capital plc Update on SatoshiPay (6258T)
October 16 2017 - 1:00AM
UK Regulatory
TIDMBLU
RNS Number : 6258T
Blue Star Capital plc
16 October 2017
Blue Star Capital plc
("Blue Star" or the "Company")
Update on SatoshiPay
Release of IOTA proof-of-concept website
Blue Star Capital plc (AIM: BLU), the investing company with a
focus on new technologies, is pleased to announce that further to
the update announced on 29 September 2017 regarding SatoshiPay's
proof of concept project with the IOTA Foundation, SatoshiPay has
now released the proof-of-concept demo site to the public at
https://satoshipay.tangle.works.
SatoshiPay is exploring the replacement of Bitcoin with an
alternative cryptocurrency, IOTA, as SatoshiPay's settlement
network to allow instantaneous fee-free micropayments. Further
background on the rationale for finding an alternative to Bitcoin
was set out in the Company's announcement of 17 July 2017. The
demonstration website features a fully browser-based implementation
of IOTA's new Flash Network technology, which allows instantaneous
payments by creating a layer on top of the IOTA ledger. Users can
test the website by clicking the orange button on the screen and
clicking "Fund the Channel" to be given 400 Testnet IOTAs.
Tony Fabrizi, CEO of Blue Star commented:
"We are pleased to see launch of this test website which
demonstrates SatoshiPay's business model and which enables website
publishers a working platform to see the ease with which they could
monetise their content whilst allowing consumers to view paid-for
content at the click of a button."
Meinhard Benn, CEO of SatoshiPay commented:
"The release of the proof-of concept with IOTA is an exciting
step forward. When combined with the rapid pace at which blockchain
technology is evolving, for example with unique distributed ledgers
like IOTA's Tangle, the scale and efficiency with which
SatoshiPay's business model can be rolled out is significantly
improved."
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 new
technologies. Blue Star'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 an 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.
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 Jim Mellon, Huiyin Blockchain Venture
and Blue Star Capital. 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.
About IOTA Foundation
The IOTA Foundation is a non-profit foundation in Germany,
established with the purpose of developing, maintaining and
standardizing new open source protocols based on distributed ledger
technologies (DLT). The IOTA tangle provides a revolutionary open
source DLT which is scalable, lightweight and makes it possible to
transfer value or data without any fees. Find more information
about IOTA at http://iota.org or Twitter @iotatoken
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMMMGGKMGNZZ
(END) Dow Jones Newswires
October 16, 2017 02:00 ET (06:00 GMT)
Blue Star Capital (LSE:BLU)
Historical Stock Chart
From Apr 2024 to May 2024
Blue Star Capital (LSE:BLU)
Historical Stock Chart
From May 2023 to May 2024