RE: Rampers23 Jan 2025 16:07
I suppose after the several years of Satoshipay failure to monetise anything, there is always one time by luck or otherwise that it gains traction ... and one imagines with Satoshipay realisation that this will be the last throw of the dice for them... they must have it working and gaining traction ASAP.
first and foremost, totally understand where you are coming from DaveTK,
two things give me a modicum of confidence this time.
1... Dtransfer was/is the product that was working and had commercial users back in 2020/21 , meinharrdd benn and TF were shouting from the rooftops that Dtransfer was working , it had users and they expected many more users going forward... RNS of 15 December 2020; excerpt below
https://www.lse.co.uk/rns/BLU/update-on-satoshipay-investment-cyho2nnqj28857b.html
"Meinhard Benn, CEO of SatoshiPay commented, "We are very pleased with progress made in 2020, particularly in the B2B cross-border money transfer space by launching our new service DTransfer. We are seeing strong market interest and have signed 11 business clients from around the world, expecting to transfer over £70m annually using DTransfer. This is just the start, as new clients are being added every month. It feels like we have created a hit product and we will endeavour to build recurring revenues in 2021.""
"it feels like we have created a hit product" ...... why on earth did they shelve it only to revisit it many years later?
2... Meinhardd Benn purchasing 8.3% NOW , why now, if not for Vortex (Dtransfer) as above?
i think what must happen now, is that IF they have found a niche product and have first mover advantage... ive seen others that are marketing gimmicks that don't offer the full range of financial products / risk options that Vortex do, then they should damn well get on with it, commercialise it, get partners, get moving... prove the product and get paypal, wise, visa, mastercard etc on board.
i did like the idea that Mr Benn had started micropayments for crypto , seems a good idea and its about time micropayments were adopted industry wide rather than antiquated paywalls that act akin to trading in a turd on encountering them.
my thoughts, for what they are worth, happy to share now the outrageous ramping of the last few days has ended.