aeternity acquires stake in SatoshiPay

æternity, the thriving blockchain developer ecosystem announced thay they have acquired a stake in SatoshiPay during their 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.

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.

æternity’s high TPS rate, state channels and practically free transactions really lends itself to SatoshiPay to build a service that is not possible on alternative blockchains. Additionally, æternity’s private smart contracts within State Channels offer SatoshiPay’s corporate clients a viable and decentralized model of protecting digital content and other intellectual property. The interesting thing about æternity’s State Channels, are, once opened, transactions within state channels are free of charge (no fee, only fee for opening and closing a channel) making this functionality particularly well suited for micropayments.