Blue Star makes progress with SatoshiPay proof-of-concept

Technology-focussed investment firm Blue Star Capital updated the market on SatoshiPay's proof of concept project with the IOTA Foundation on Thursday.

The AIM-traded firm’s proof-of-concept project was to to explore the replacement of Bitcoin with an alternative cryptocurrency, IOTA, as SatoshiPay's settlement network.

“Since the company's announcement of 31 August, SatoshiPay and IOTA Foundation have completed the proof-of-concept website and are working with potential publishing partners to secure content in the coming weeks before making the website available to the public,” Blue Star said in its statement.