Investee Company update Satoshipay

RNS Number : 8714Z

FastForward Innovations Limited

01 June 2016

 

FastForward Innovations Limited

("FastForward" or the "Company")

Investee Company Satoshipay announces release of its API

and 10,000^th user wallet

FastForward Innovations Limited (AIM: FFWD) is pleased to announce that its investee company SatoshiPay, has recently released an update to its technology, introducing its first Application Programming Interface ("API").

The SatoshiPay API extends the company's reach to all websites, internet applications (including mobile apps) and internet connected software. Previously, SatoshiPay technology was only applicable to websites running WordPress, which accounted for 26% of total websites.

FastForward CEO, Lorne Abony remarked "We are tremendously impressed with SatoshiPay's momentum. Their API will enable exponenential growth, as it can now be used in any type of internet-connected application, be it a website, app or otherwise. This enables developers, publishers, apps and enterprises to make use of the tremendous value of their technology and is a significant step forward for the company".

SatoshiPay's announcement as follows;

SatoshiPay reaches 10,000 user wallets and releases API

SatoshiPay, a blockchain-based nanopayments company that enables digital transactions on a micro-scale, today announced the release of their API and reaching a milestone of 10,000 user wallets generated through its current platform.

SatoshiPay's technology enables content publishers to facilitate nanopayments, generating new revenue streams by allowing monetization on a nano-scale.

The API enables the company to support any digital implementation, a significant improvement over its previous release, which only supported WordPress websites, this means SatoshiPay can now be used on 100% of the web, whereas it only supported 26% previously.

The API will enable developers to utilize SatoshiPay's technology in any digital or internet connected product. Meinhard Benn, SatoshiPay CEO was quoted "We have been delighted by the response we've received from the developer community and we're excited to announce the API. Our mission is to enable developers to use SatoshiPay for any kind of digital product or service they want to implement nanopayments into. We believe this will enable us to significantly scale our reach as developers can use our system in any way they can dream. We will continue to add features frequently to support our growing ecosystem of developers and partners".

With the introduction of their API, SatoshiPay positions itself as a payment infrastructure provider; enabling apps and services to be built on top of their platform. The API makes SatoshiPay's technology accessible to the millions of developers who build apps and software, as well as enterprises looking for a more flexible means to implement bitcoin technology into their current frameworks.

"Developer and Enterprise interest in SatoshiPay has been tremendous and this is the next step in our evolution" said Benn. SatoshiPay will build exposure of its API through partnerships, conferences, developer networks and hackathons.

About SatoshiPay:

SatoshiPay is headquartered in London with development led through its office in Berlin. Angel funding for SatoshiPay Ltd was supplied by Axel Springer Plug & Play and Henning Peters, seed funding was raised through publicly listed companies Coinsilium Group (ISDX:COIN) and FastForward Innovations (LON:FFWD). Development of SatoshiPay's nanopayment product started in April 2015 and its beta version was released in February 2016. Find frequently updated information at the company's website https://satoshipay.io, its blog https://medium.com/@SatoshiPay and Twitter @SatoshiPay.

For further information please visit www.fstfwd.co or contact:

FastForward Innovations Limited [e-mail]

Josh Epstein / Ian Burns

 

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