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3 Reasons Stellar Might Find the Momentum to Soar Despite the Lukewarm Crypto Market

SatoshiPay Partners with The Register Enabling the Purchase of Books with Stellar Lumens

Reading Time: 2 minutes by on May 26, 2018 Altcoins, Business, News

As lucrative as the cryptocurrency trading market may seem, the actual driver of a cryptocurrency-powered world lies in complete digital adoption, and several outlets to spend/redeem a user’s digital assets. In this regard, several firms are ramping up their acceptance of cryptocurrencies, with the latest being one of the U.K.’s top-websites.

Your Lumens Can Take You Around The U.K.

U.K.-based technology website The Register is ready to offer its latest read, The Geek’s Guide to Britain in an e-book format. That’s not the unique part about this launch though, as the fact that you can purchase the ad-free version of this e-book via cryptocurrency is drawing all the attention.

Following The Register’s partnership with SatoshiPay, the cryptocurrency payments platform, the website would support a cryptocurrency micropayment option for selective content on the website. Users will be able to purchase SatoshiPay credits in the form of Stellar Lumens (XLM) on The Register’s website.

These credits can be used to either purchase the e-book in parts or as a complete series, and they can further use the credits to make purchases on other websites which support SatoshiPay.

Source: The Register

SatoshiPay has partnered with various firms, but its parent company, Blue Star, believes the deal to be a game-changer, as the technology publisher is a renowned name and helps in large-scale digital currency adoption. They strongly feel that this deal will be the stepping stone in creating a brand image that the firm has been striving for, since a while.

Speaking about the partnership, SatoshiPay CEO Meinhard Benn 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.”

“One of the First Mainstream Uses of Blockchain Payments”

Making micropayments a legit payment option has been a tough task and is possible today only after years of trial and error. The intent behind launching this edition in an e-book format was to ensure an affordable and portable format for the summer vacations.

The Geek’s Guide to Britain ebook is spread across the website’s 26 inaugural destinations – including the Jodrell Bank, Hursley Park and the lost and hidden gems such as the site of TAT-1 – the first transatlantic telephone cable in Scotland.

To conclude, Jed McCaleb, co-founder of the Stellar Development Foundation, said:

“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.”

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