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AERGO blockchain to make SatoshiPay faster

Tony Zerucha

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AERGO, an open-source hybrid blockchain and serverless cloud platform for commercial decentralized applications, today announced a strategic partnership with blockchain-based micropayments company SatoshiPay. The partnership will facilitate the incorporation of AERGO into SatoshiPay’s frictionless fiat and cryptocurrency payment systems, creating the fastest micropayments system to date.

SatoshiPay runs on the Stellar blockchain to achieve trustless, instant, simple, and inexpensive transfer settlements for fiat and cryptocurrency micropayments. Once the integration is completed, SatoshiPay will support the AERGO blockchain for the denomination, settlement, and hosting infrastructure of its payments services. This will expose many of the cloud services, marketplaces, games, and social media platforms, as well as the entire AERGO ecosystem to SatoshiPay’s payment architecture and a fiat gateway.

To drive ongoing joint efforts, developers and operators of decentralized applications dApps on AERGO will be able to use the credit card payment gateway offered by SatoshiPay, while incorporating its user-friendly business model into their own apps as if they were using a system from the Apple App Store or Google Play. This credit card payment system is incorporated through a fiat gateway since tokens are required for all operations on the blockchain.

“Enabling frictionless payments for blockchain applications and services is one of the missing links for enabling mass adoption of blockchain technology both in the B2B and B2C sectors,” said Phil Zamani, AERGO’s Chairman, and CEO. “Partnering with SatoshiPay will provide businesses globally with a powerful crypto infrastructure that is interoperable with fiat payment services. We plan to implement SatoshiPay’s technology to power aspects of the AERGO service layer with secure fiat payment options.”

Once the partnership is established, developers and prospective blockchain clientele will be able to seamlessly build and integrate innovative payment services that are unavailable today, under legacy payment infrastructure, around machine-to-machine communication (IoT), video and audio streaming, digital goods paywalls, and in-app and in-game payments through the AERGO platform.

“AERGO is an emerging platform that stands out as the only enterprise-ready blockchain deployment platforms in a nascent industry,” SatoshiPay founder and CEO Meinhard Benn said. “The strong team behind AERGO has a remarkable track record with a number of corporate blockchain deployments already solving real-world problems, for example at Samsung or Lotte.

“We feel that AERGO, with its scalable and developer-friendly architecture, is a one-of-a-kind platform that will truly disrupt the enterprise IT space. We are proud to announce that AERGO is the next platform we look to build upon and integrate our services with.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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