From MarketsWiki
Jump to navigation Jump to search
Satoshipay logo.jpg
Founded 2014
Headquarters Berlin, Germany; London, United Kingdom
Key People Meinhard Benn, CEO; Alexander Wilke, COO; Dr. Torsten Stüber, CTO
Employees 11-20
Products Micropayments platform
Twitter @iSatoshiPay
Facebook Page
Website SatoshiPay Home
Releases Company News
Blog SatoshiPay blog

SatoshiPay is a European company that primarily makes B2B micropayments software. It is a founding member of the Federal German Blockchain Association.[1] SatoshiPay is a play not only on the bitcoin founder's name - Satoshi Nakamoto - but also on the facts that the smallest denomination of a bitcoin, one one-hundred milllionth of a bitcoin, is termed a "satoshi" and the company specializes in micro payments.

Products and Services[edit]

SatoshiPay makes blockchain-based micropayment software for businesses. This software can be integrated into a business's website, allowing its customers to make digital "micro" payments.[2]

SatoshiPay also allows users to import their wallets through its website.[3]


In February 2019, SatoshiPay partnered with Axel Springer SE, Europe's largest digital publishing house, so that Axel Springer could use its blockchain payment software to process digital payments globally.[4]


In July 2017, SatoshiPay entered in a partnership with the Stellar Foundation. SatoshiPay's micropayments technology was changed from a model that was based on bitcoin's blockchain to that of Stellar, and SatoshiPay was integrated into the Stellar network in December 2017.[5]

In February 2019, SatoshiPay received a $1 million grant from the Stellar Foundation to improve its marketing strategy by offering grants of up to $100,000 for firms that use SatoshiPay's products, as well as $10 credits for companies and users who start using SatoshiPay's software.[6]

In March 2019, SatoshiPay offered an airdrop of Stellar's Lumens (XLM) cryptocurrency for those using SatoshiPay. SatoshiPay said in the announcement that the XLM digital tokens coul be used interchangeably with fiat currency in the SatoshiPay digital environment.[7][8]

London investment firm Blue Star Capital plc announced on December 15, 2020 that SatoshiPay, in which Blue Star has a 27% stake, would be the first user of Bankhaus von der Heydt's stablecoin, the EURB. The EURB is issued by German bank Bankhaus von der Heydt. According to the announcement, SatoshiPay will integrate EURB into its payments network among the countries in the Single Euro Payment Area.[9]