Express

SatoshiPay Raises $550K Through Convertible Loan From Stellar Development Foundation

Roland James

Summary: SatoshiPay, the blockchain payments startup, has raised $550,000 through a convertible loan from the Stellar Development Foundation (SDF). The $550k was paid in Lumens (XLM), the native currency of the Stellar network. The transaction of all 8,204,187 XLM between SDF’s and SatoshiPay’s Stellar accounts took only five seconds and the network fees only cost $0.00006. ...

SatoshiPay, the blockchain payments startup, has raised $550,000 through a convertible loan from the Stellar Development Foundation (SDF).

The $550k was paid in Lumens (XLM), the native currency of the Stellar network. The transaction of all 8,204,187 XLM between SDF’s and SatoshiPay’s Stellar accounts took only five seconds and the network fees only cost $0.00006.

According to an announcement on May 28, SatoshiPay plans to use the funds to bring its new products to the market.

By Roland James

Last Update:

Tags: ,,,,
Link: SatoshiPay Raises $550K Through Convertible Loan From Stellar Development Foundation   [Copy]
Next:

Related Articles

  • Autonomous Worlds: The Ultimate Goal of Blockchain? 1 days ago
  • Have Cosmos and Polkadot Been Replaced? The Future of ATOM and DOT 3 days ago
  • Polygon AggLayer: Uniting Modular and Monolithic Blockchain Architectures 5 days ago
  • Bitcoin DeFi and Layer 2s: The Next Trillion-Dollar Opportunity? 15 days ago
  • Is the Crypto Bull Market Over? 16 days ago

    • You need to login to comment.