COINSILIUM GROUP LIMITED - Investee company update PR Newswire

02 February 2016

COINSILIUM GROUP LIMITED

(“Coinsilium” or the “Company")

Investee company update

SatoshiPay Launches Login-free Paywall

Coinsilium Group Limited, the blockchain technology investment and development company, is pleased to announce that SatoshiPay Limited (“SatoshiPay”) a company in which Coinsilium has a 14.5% equity interest, today announced the beta launch of its platform for web publishers. This platform offers a new way to monetise content through frictionless nanopayments leveraging blockchain technology and enabling payments of 10c or less per individual transaction. Using SatoshiPay’s platform, consumers will be able to pay for online content on a per article, per view, per song or per download basis.

Cameron Parry, Coinsilium's Executive Chairman, commented: “We are delighted that SatoshiPay has launched its beta platform and believe that this represents a significant milestone in the company’s ambitions to commercialise its potentially disruptive nanopayments technology.”

 A copy of the announcement by SatoshiPay is reproduced below:

Nanopayments

"Nanopayments can be fractions of a cent. They are instantly settled and can be executed at high frequency. Imagine a couple of payments per second by a single user," SatoshiPay's Founder and CEO Meinhard Benn explains. "This enables completely new ways of monetising web content and digital goods in general. In an increasingly digital society, nanopayments allow for new business models that existing payment technology cannot facilitate due to its fee structure and trust models," he adds.

Ease of use

For the reader, SatoshiPay removes friction usually associated with paying for online content. There is no sign-up, no login and the user does not need to install any additional software to get started. Payments are done with one click or tap and the user can also choose to pay for content completely automatically. After topping up, the available balance is displayed in SatoshiPay's floating web widget at the bottom of the publisher's website. The user's balance is shared across all websites that integrate with the SatoshiPay widget, eliminating the need for the user to maintain multiple payment accounts.

"It is commonly accepted that payment processes on the web are not fun. When paying for digital content, additionally the pricing appears a bit off, especially considering the low distribution costs involved. We want to change this, we want to make web payments fun and fair", says Benn. "Micropayments in computer games work extremely well. We looked at games, learned a lot and incorporated the findings into our product."

Ad blocking

SatoshiPay helps publishers to address the increasing number of readers that use an ad blocking software to remove all advertising from a website. While big publishers react to ad blocking by refusing to show their content and urging the user to deactivate their ad blocker, SatoshiPay gives publishers the possibility to charge a small fee for viewing the article.

Benn says: "Users send a clear message by installing an ad blocker: They don't want to see ads on websites. Locking them out of your site as a response is sending the wrong signal. Charge them a few cents or pennies and they will understand."

"We want to help transform users from involuntarily being a website's product to being its consenting customer. That's why we built this product."

WordPress plugin

At launch, SatoshiPay offers an extension for WordPress, the popular publishing software which is installed on 25% of all websites on the internet. Using SatoshiPay's free WordPress extension, publishers can get started within minutes and test if their audience is willing to pay for their content, without a major technology investment.

Payment methods

The first available payment method for readers is the digital currency Bitcoin, with other methods such as card payments and instant bank transfers being added soon.

Further information about SatoshiPay can be found at www.satoshipay.io

The Directors of Coinsilium Group Limited take responsibility for this announcement.

For further information please visit www.coinsilium.com or contact the following:


Cameron Parry                  Coinsilium Group Limited   +44 (0) 207 099 0740

David Coffman / Asha Chotai    Daniel Stewart & Company   +44 (0) 207 776 6550
                               (Corporate Adviser & Joint
                               Broker)

Nick Emerson / Jake Nixon      SI Capital Limited         +44 (0) 1483 413 500
                               (Joint Broker)

Josh Royston / Hilary Buchanan Alma PR                    +44 (0) 7515 805 218
                               (Public Relations)



Notes to Editor

Coinsilium is a London-based blockchain technology focused investment and development company, supporting early-stage blockchain companies through investment, acceleration, development and education. 

Coinsilium is the world's first blockchain technology focused company to be admitted to trading on an Exchange Regulated Market and has a portfolio of interests in blockchain companies and projects.  In addition to pursuing its investment strategy, through the experience of the Directors and management team, Coinsilium is able to offer a suite of services including corporate/business advisory, CPD accredited training & eduction, investment solutions, in-house development and other professional services to blockchain/fintech companies and major corporates wanting to learn more about blockchain technology and its implications to the way the world transfers value over the internet.

For further information please visit http://www.coinsilium.com/