SatoshiPay raised $550,000 in XLM via convertible loan from Stellar Development Foundation to launch a B2B instant money transfer service on Stellar, processing transactions in 5 seconds with minimal fees.
Blockchain payments startup SatoshiPay secured $550,000 from the Stellar Development Foundation through a convertible loan denominated in XLM (8.2 million tokens), completing the transaction in 5 seconds with 0.00006 cents in network fees. The funding will support SatoshiPay's launch of a new B2B payments product enabling businesses to send and receive money within 5 seconds on the Stellar blockchain. Founded in 2014, SatoshiPay previously operated as a micropayments platform for publishers and maintains the Solar Stellar wallet. The company positions itself to capitalize on growing demand for instant B2B payments as blockchain technology matures.