Axel Springer develops block-chain payment system

Axel Springer, Europe’s largest digital publisher, has partnered with SatoshiPay, a blockbuster-based micro-payment technology to realize payments using block chains.

According to this partnership, Satoshi will use the wallet to develop a platform in which the reader has paid the content fee. It will integrate into Axel Springer products to enable direct payment, excluding third party intervention.

Axel Springer says block-chain technology has the potential to dramatically cut transaction costs and create new alternatives to realize content revenue. Axel Springer is Europe’s largest digital publisher and holds a number of media news brands, including Business Insider and German Rolling Stone. The company’s annual sales in 2015 amounted to 3.3 billion euros. For more information, please click here .