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Blue Star excited by SatoshiPay project with IOTA

By BFN News | 08:19 AM | Monday 17 July, 2017


Blue Star Capital said its investee company, SatoshiPay Ltd had agreed a proof of concept project with the IOTA Foundation to explore replacing Bitcoin with an alternative cryptocurrency, IOTA, as SatoshiPay's settlement network. Blue Star said it currently approximately 19% of SatoshiPay which was expected to increase to 31% subject to completion of the further investment in SatoshiPay announced on 4 July. Blue Star chief executive Tony Fabrizi said: "Working with the IOTA Foundation allows SatoshiPay to explore new technology with a clear focus on scalability of its business. "We are excited about the potential new opportunities that could open up from this initiative and that SatoshiPay is taking steps to optimise its business model." At 8:19am: (LON:BLU) Blue Star Capital PLC share price was +0.04p at 0.36p Story provided by StockMarketWire.com

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