æternity Acquires Stake in SatoshiPay to Provide Faster Transaction Scalability & Smart Contract Support

æternity, the blockchain 3.0 platform designed to deliver unmatched efficiency, transparent governance and global scalability, announced on Wednesday it has acquired a stake in SatoshiPay during its latest funding round, integrating the micropayment services platform as part of a wider push to put in place the building blocks of a fully integrated value chain for blockchain developers.

æternity reported that as SatoshiPay look to make their blockchain-based micropayments service the fastest to date, they theoretically require in-excess of 2000+ transactions-per-second (TPS) to accommodate their rapidly growing customer base that require high throughput.

“One such expected customer, is Axel Springer SE, Europe’s largest digital content company that owns a portfolio of brands that includes Business Insider, Bild, Die Welt and Upday, who recently announced a partnership with SatoshiPay allowing users to pay for digital content with cryptocurrency stored in the SatoshiPay wallet.”

Speaking about the collaboration, Yanislav Malahov, Founder of æternity, stated:

“Acquiring a stake in SatoshiPay enables æternity to integrate a nanopayment solution with prime partners into our thriving blockchain ecosystem, where applications are built on the foundation of blockchain and smart contracts. Open source developers will be able to integrate nanopayment functionality via SatoshiPay for any types of digital content, data or services.”

Meinhard Benn, CEO of SatoshiPay, added:

“æternity’s ability to deliver high throughput and extremely low-cost instant transactions through built-in state channels is a unique feature we need in our platform,” said . “In addition to this, æternity supports smart contracts in a way that other payment-focused blockchains do not, so this will be a great additional feature that we look forward to offering our customers through our upcoming B2B multi-ledger platform.”

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