Stellar is Surging on SatoshiPay Acquisition Rumors, Is It Sustainable?
technical analysis

Stellar is Surging on SatoshiPay Acquisition Rumors, Is It Sustainable?

THELOGICALINDIAN - Following on from a about quiet weekend Stellars XLM continues a able achievement into Monday This brings acceptable abatement to a activity that had collapsed acutely back aftermost November back it was trading as aerial as 4705 satoshis

As of 08:00 GMT, XLM/BTC is trading at 0.0002678, up 25% from March 7th. During this time frame, 24-hour aggregate has added by $77million, with Chinese barter ZB.com currently accounting for the majority of the aggregate with its XLM/USDT pairing.

On the 7th March, SatoshiPay appear capacity of a cardinal affiliation with German media aperture Börsenmedien AG. Both companies will coact to advance a micropayment solution. The angle will acquiesce users to acquirement exceptional content, with a distinct click, on platforms endemic by the publishing house.

In acknowledgment to the news, SatoshiPay CEO, Meinhard Benn states:

“We are captivated to accept acquired Börsenmedien AG as a cardinal accomplice that durably believes in SatoshiPay’s vision — both, as an broker and as a agreeable provider. The groups’ agenda formats, such as videos, PDF downloads or e-books represent an ideal use case for our technology. We are attractive advanced to added advance our artefact in abutting accord with Börsenmedien’s beat and artefact teams.”

Börsenmedien AG architect and CEO, Bernd Förtsch, discusses the absorbed abaft the pale acquisition:

“[Currently] online agreeable is either chargeless and monetised through ads or answerable for — in which case readers accept to sign-up for a cable or accord with paywalls. [But] there’s a gap in between: bargain agreeable that can be purchased on a pay-per-article plan, after hassle. SatoshiPay’s nanopayment band-aid represents that missing articulation that fills the gap. We are aflame about our pale in SatoshiPay, as able-bodied as the accessible affiliation of their band-aid on our websites.”

The planned band-aid will advance Stellar’s balance to alteration payments from the user’s wallet to the publisher. Furthermore, this angle will booty abounding advantage of the low transactional costs of the network, and will additionally account from absolute end to end alteration after a 3rd affair intermediary.

Lisa Nestor, Director of Partnerships at Stellar commends the bond in her best contempo tweet:

She goes on to say:

“Enabling seamless micro-payments through a belvedere like SatoshiPay has amazing amount beyond industries and geographies. And enabling purchases of agreeable is an accessible abode to start. SatoshiPay continues to assassinate on their vision, signing on high-value ally like Börsenmedien AG. We are aflame to see the aggregation abound and abide to be a baton in the industry.”

The move by Börsenmedien AG to advance micropayment solutions goes some way to acclamation criticisms of cryptocurrency’s abortion to accommodate with accustomed life. This represents a added development of the space, and a affected move to capitalize on alteration media burning habits.