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SatoshiPay Partners The Register, Shares 1Million Stellar Lumens (XLM)

SatoshiPay has announced it partnered with The Register, UK’s largest tech news website, resulting in the giving away of 1,000,000 Stellar lumens XLM to SatoshiPay users as free credit.

The register, which has over four million monthly visitors, organizes conferences, and at the same time publishes a travel guide for, will deploy SatoshiPay to sell digital content.

The news platform, according to a statement by SatoshiPay, “maps UK’s most significant places of technological, scientific and engineering wonders, and was previously available as a printed edition only.”

“Using SatoshiPay’s payment system and integrated secured content delivery network, the Geek’s Guide is now available as an ebook, a full PDF and individual PDF files for each chapter.”

Lending his voice to the landmark achievement, Gavin Clarke, managing editor, The Register said: “The publishing industry is locked in a battle between readers who don’t want invasive ads and publishers who want to monetise their content. Recent advances in blockchain and crypto currencies offer the chance to break that deadlock. The Geek’s Guide to Britain ebook micropayments pilot provides the opportunity to assess these developments, letting readers invest in the kind of quality writing they’ve come to expect from The Register while providing additional income for our business.”

Meinhard Benn, founder and CEO at SatoshiPay, said: “The way people consume media is changing and technology is playing a huge role in evolving publishers’ content payment methods and sources of income. 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. This is SatoshiPay’s first entry into mainstream publishing in the UK and we are proud to have partnered with one of the most outspoken and celebrated technology publications in the world in a venture that could change the digital publishing landscape forever.”

SatoshiPay Is Powered By Stellar Lumen

While the partnership is fully dependent on Stellar, SatoshiPay indicated that it will continue to improve on its Stellar network based Transaction system with enhanced multi-signature handling, more sophisticated fraud protection and increased stability of our custom Stellar wallet.

Interestingly, The Register will run SatoshiPay’s default website widget, indicating that all funds topped up elsewhere will also be available on theregister.co.uk pages, which includes SatoshiPay’s widget.

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However, on the latest partnership, Jed McCaleb, co-founder of the Stellar 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. We’re proud to be powering SatoshiPay, helping make micropayments faster and cheaper than ever and thereby bolstering the publishing industry in its quest to unlock additional revenue streams in the new digital age.”

Giveaway For 20,000 Users

SatoshiPay, after its successful first wave of lumens as free credit for users, has decided to launch the next wave, and it will be distributing 1,000,000 XLM (50 XLM/user).

The 7th Stellar Build Challenge (SBC)

The 7th stellar Build Challenge has been announced. Since inception of Stellar, there have been six challenges, interestingly, a large number of the winning projects turned out to be Stellar’s ecosystem cornerstones, making the SBC so important to Stellar’s developer community.

The challenge, happens to be one of Jed’s vision: “an experiment to find ways to develop services that are fair, affordable, and community-driven, and at the same time drive uptake of the Stellar network to maximize efficiency and reach.”

Participants can collaborates in two different ways. One is by making open-source contributions to ongoing projects, and second is by developing one of these four new ‘cornerstone’ project ideas. Namely, a Better Quorum Explorer, a Trade Bot Maker, Social trading, and Peer-to-peer wallet.

Better Quorum Explorer

While there are some Stellar quorum explorers already designed, however, they still fall short of some necessary features.

Interested participants can contribute by showing a graph of all the qsets of validators in the network, show which are up and show the dependencies between them, or use real names for validators where possible, Stellar team has indicated.

Trade Bot Maker

Stellar request that participants who desire participating in SBC can decide to design an easy way for anyone to make a trading bot. The design should be usable by non-programmers. It could be a web interface with a suite of different algorithms to choose from.

Social trading

Developers who choose Social trading should make it more social and fun like the eToro but not precisely eToro. The idea should be a trading app.

Peer-to-peer wallet

While Stellar points this as important because the wallet, according to them, would facilitate peer-to-peer payments without the need for anchors, and could as well be used to make small payments all over the world.

Stellar In the Crypto Market

As at press time, XML has a market value of $0.276507, market cap of $5B, and 24 hours market volume of $43M.

Conclusion: While the crypto market is still bearish, there is hope that coins like Stellar will pick up owing to different partnership that Stellar foundation is sealing in recent time.

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