The Stellar Development Fund has invested USD 550,000 in SatoshiPay to help build their B2B solutions and cross-border payments system.
Crypto payment solutions provider SatoshiPay has revealed that the Stellar Development Foundation (SDF) has invested USD 550,000 through convertible loan notes.
This is the third investment made by the SDF through its Enterprise Fund. The cash injection will be used to support SatoshiPay in developing its B2B solutions for cross-border commercial payments and digital wallets.
The grant will primarily be used for developing and marketing the SatoshiPay B2B solution, which is currently in its testing phase. The company expects a product in closed alpha testing in as soon as eight weeks and a public beta product launch sometime in the fourth quarter of 2020.
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