Stellar Lumen (XLM) Partner, SatoshiPay, To Go Live On London Stock Exchange
For some days now, Stellar Lumen (XLM) has been receiving exclusively intriguing news, here comes another information that Stellar’s partner, SatoshiPay, is getting ready for Initial Public Offering (IPO) on AIM, a sub-market of the London Stock Exchange.
Flagged as a market for company growth, AIM was launched on 19 June 1995, and it comprises of 10 companies valued £82.2 million collectively.
The news stated that while SatoshiPay is preparing for the listing, Daniel Masters, a London-based crypto investor will be supporting the company with €566k in its pre-IPO fund raising.
The London based company that processes micropayment transactions, aired that it decided to get listed on AIM in a bid to improve the company’s growth and it is believed that the listing will help the company raise development capital.
The statement added that by the time the listing is achieved, shareholders will be able to trade their shares and the confidence level of stakeholders will be elevated.
Since the development will make the firm become a public company, access to institutional investors that supplies quoted companies with fund will be made easy. SatoshiPay echoed that as soon as the listing is achieved, it will be among the early blockchain businesses listed in London.
“This is a giant leap for SatoshiPay, and I am extremely proud that the startup I co-founded in 2014 has grown into a company that, with the support of an amazing team and fantastic investors, is now approaching a stock market float, the CEO of SatoshiPay, Meinhard Benn stated.
TheRegister Adopts Stellar Lumen
It is no doubt that massive adoption is the sole of cryptocurrency. When big firms accept cryptocurrency as payment option, there is going to be increased in the number of people using crypto. The same holds for the adoption of Stellar by TheRegister.
Not long, United Kingdom based website, The Register, partnered with SatoshiPay. The respected publisher during the partnership accepted that lovers of its latest publication, The Geek’s Guide to Britain, pay for the e-book format using Stellar Lumen (XLM).
The idea came after The Register partnered with SatoshiPay, since then, the website has been accepting cryptocurrency micropayment option for some certain contents on the website.
SatoshiPay CEO, Meinhard Benn who spoke about the partnership said:
“We see blockchain technology and Stellar in particular as a significant enabler of this evolution. With micropayments, publishers can cater for their readers’ demand for reduced advertising, whilst charging a small fee for viewing content.”
Meanwhile, Jed McCaleb, co-founder of the Stellar Development Foundation, said about the development:
“This is an exciting moment for Stellar and the cryptocurrency community as a whole, as it represents one of the first mainstream uses of blockchain payments in reaching millions of consumers.”