Press release
City A.M. Partners with Global Micropayment Provider, SatoshiPay
City A.M. partners with SatoshiPay
Under the terms of the agreement, City A.M. readers will be able to read ad-free online content by paying a small fee and using SatoshiPay’s digital wallet. The one-click payments take less than a second and there’s no need to create a new subscription account – everything can be paid for from a singular digital wallet across all websites where SatoshiPay is accepted.
Meinhard Benn, SatoshiPay’s CEO, said, “With the changing dynamics within the media sector, SatoshiPay uses cutting-edge blockchain technology to make micropayments economic and therefore allow readers to purchase individual articles for small payments instead of paying a subscription. This collaboration marks another important milestone in establishing an entirely new way to pay for content. It greatly benefits both parties: expanding SatoshiPay’s partner network whilst adding an additional revenue stream for City A.M.”
Harry Owen, Chief Operating Officer of the of City AM Media Group said, “We are delighted to be working with SatoshiPay. They offer a unique and ground-breaking product that we believe will enhance our publication, revenue model and reader experience.”
Interest in SatoshiPay’s offering is gaining momentum. Only recently launched and backed by one of Europe’s largest media houses, Axel Springer, SatoshiPay has already secured a similar partnership with The Register, a leading UK technology news site, to monetise selected content on its website. Further agreements are upcoming as publishers look to stay on top of technological advancements, giving their readers options to either buy selected articles or to read articles without ads.
SatoshiPay is a web payment system which helps publishers monetise digital goods in tiny increments and without friction.
On the Internet it is currently impossible to make payments of 1c or less. SatoshiPay solved this issue by using nanopayments based on blockchain technology. Combined with an easy-to-use interface that is login-free, works across websites and needs no download, this unlocks entirely new business models on the web.
Founded 2014 in Berlin, the company launched a beta version of their service in 2016.
SatoshiPay Ltd
20 Primrose Street
London
EC2A 2EW
United Kingdom
Press contact:
Priit Piip
priit@stbridespartners.co.uk
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