SatoshiPay Integrates Blockchain Payments for Major European Publisher

Micropayments startup SatoshiPay has partnered with Europe's largest digital publisher to integrate blockchain payments for content.

AccessTimeIconFeb 1, 2019 at 1:00 p.m. UTC
Updated Sep 13, 2021 at 8:51 a.m. UTC

Micropayments startup SatoshiPay has partnered with Europe's largest digital publishing house, Axel Springer SE, to process blockchain payments for its content globally.

The U.K.-based startup announced Thursday that consumers of the Berlin-headquartered firm's content can pay using SatoshiPay's wallet, which is built based on Stellar blockchain technology. Axel Springer owns titles including Business Insider, Die Welt and Rolling Stone (German edition).

SatoshiPay said that, as of Jan. 31, its wallet will be integrated into Axel Springer's online products and will work without any intermediaries, so payments will be directly credited to the publisher’s account from its content consumers.

Axel Springer’s senior vice president for new business, Dr Valentin Schöndienst, said:

“Blockchain payments can significantly reduce transaction costs and thus enable new monetisation systems for content."

SatoshiPay said it processes payments using the Stellar blockchain in various forms of value, including euro and dollar transfers, “in a matter of seconds.”

Founded in 2014, SatoshiPay had been based on bitcoin technology until July 2017. Then, in November of the same year, the startup collaborated with Stellar Development Foundation to offer micropayments that were “much faster and less costly.” In December 2017, it fully integrated with the Stellar network.

In July of last year, SatoshiPay said it planned to list on AIM, a sub-market of the London Stock Exchange, when London-based crypto investor Daniel Masters invested €566,000 (or $647,829) in its pre-IPO funding.

Axel Springer SE generated total revenues of over €3.5 billion (around $4 billion) in 2017, according to the announcement. Digital media activities contribute more than 60 percent of its revenues.

Featured image courtesy of SatoshiPay (from left: Meinhard Benn, founder and CEO; Alexander Wilke, COO)


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.