The Stellar Development Foundation invested $550,000 in SatoshiPay, a micropayments provider, marking the third investment by SDF in the platform. The funds will support development of SatoshiPay's B2B cross-border payments solution, with alpha testing by mid-July and public beta in Q4 2020.
The Stellar Development Foundation has made a third strategic investment of $550,000 in SatoshiPay, a micropayments platform that was among the first commercial users of Stellar. The investment, structured as convertible loan notes, will primarily fund development and marketing of SatoshiPay's new B2B cross-border payments solution. A closed alpha version is scheduled for mid-July with public beta planned for Q4 2020. SatoshiPay and SDF have a long collaborative history, with previous SDF support including a $1 million grant program in 2019 and partnerships with major publishers like Axel Springer to support online journalism through cryptocurrency tipping.