Source - SMW
Blue Star Capital has welcomed the SatoshiPay's release of a proof-of-concept demo site to the public at https://satoshipay.tangle.works.

SatoshiPay is exploring the replacement of Bitcoin with an alternative cryptocurrency, IOTA, as SatoshiPay's settlement network to allow instantaneous fee-free micropayments. 

Blue Star Capital said further background on the rationale for finding an alternative to Bitcoin was set out in its  announcement of 17 Jul.

 It said the demonstration website featured a fully browser-based implementation of IOTA's new Flash Network technology, which allowed instantaneous payments by creating a layer on top of the IOTA ledger. 

It said users could test the website by clicking the orange button on the screen and clicking 'Fund the Channel' to be given 400 Testnet IOTAs.

Blue Star chief executive Tony Fabrizi said: 'We are pleased to see launch of this test website which demonstrates SatoshiPay's business model and which enables website publishers a working platform to see the ease with which they could monetise their content whilst allowing consumers to view paid-for content at the click of a button.'


At 9:39am: (LON:BLU) Blue Star Capital PLC share price was -0.01p at 0.32p