Stellar Development Foundation (SDF) has made $550,000 investments towards the development of B2B cross-border payments solution and digital wallets which will be developed by Berlin Based fintech company, SatoshiPay.
The investment made by SDF is the third investment made through company’s enterprise fund. According to the press release, the B2B payments is expected to reach $218 trillion valuations in the next three years, the company wants to position SatoshiPay’s B2B cross-border payments solution to accelerate growth. This product is designed for commercial payments which allow businesses to send and receive commercial payments to vendors across borders.
“With a surge in demand for instant B2B payments, and blockchain maturing and enabling a payments revolution, we believe we have a head start through our proven, scalable blockchain business model,” said Meinhard Benn, SatoshiPay CEO. “Our growth over the years wouldn’t have been possible without SDF, who has been an essential partner to us in the development of our technology which continues today with this investment.”