Blue Star investee SatoshiPay now accepting PayPal

Technology-focussed investment company Blue Star Capital announced on Wednesday that its investee company, private nano payment and blockchain business SatoshiPay, would now accept top-ups of its online wallet via PayPal.

The AIM-traded investment firm owned around 19% of SatoshiPay.

It said that, although SatoshiPay's PayPal top-up service was currently in the beta stage of testing, the directors believe it was an important development milestone and would allow PayPal users to pay for web content wherever SatoshiPay's login-less payment widget was used.

That meant there would no longer be the requirement for SatoshiPay users to use cryptocurrencies, instead using their PayPal account to utilise the nano payment benefits SatoshiPay offered.

Furthermore, it was anticipated that publishers of online products, such as blogs, would be able to monetise their following with far greater ease, the Blue Star board claimed.

“The extension of SatoshiPay's service via PayPal is an important step in the roll-out of the service and should broaden SatoshiPay's user base significantly,” said Blue Star CEO Tony Fabrizi.

“We remain excited by the potential of SatoshiPay and hope to announce further developments during the course of this year.”

Meinhard Benn, CEO of SatoshiPay, said the evolution of the service was gaining momentum and his company believed the PayPal development would help illustrate the scale of the opportunity for nano payments.

“We know a number of existing and potential customers have been waiting for the broadening of the service and we look forward to working with them over the coming months.”