Blue Star Shares Up On SatoshiPay Partnership With Axel Springer

LONDON (Alliance News) - Shares rose in Blue Star Capital PLC on Thursday after it announced ...

Alliance News 31 January, 2019 | 10:48AM
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LONDON (Alliance News) - Shares rose in Blue Star Capital PLC on Thursday after it announced investee SatoshiPay Ltd has entered a partnership with digital publishing house Axel Springer SE.

Shares in the technology-focused investment company rose 20% to 0.16 pence on Thursday.

SatoshiPay and Axel Springer will allow users to pay for Axel Springer's content by using the SatoshiPay wallet to make direct payments from the user's device to the publisher.

"Securing a partnership with such a large digital publishing house provides an excellent opportunity for the SatoshiPay platform to grow its user base significantly while also providing a significant endorsement. We look forward to reporting on SatoshiPay's progress as the year unfolds," said Blue Star Chief Executive Tony Fabrizi.

Blue Star Capital is still in discussions with SatoshiPay over convertible loan notes issued by the investee.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Blue Star Capital PLC 0.17 -
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