Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFFWD.L Regulatory News (FFWD)

  • There is currently no data for FFWD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Investee Company Update

31 Mar 2016 13:18

RNS Number : 7436T
FastForward Innovations Limited
31 March 2016
 

FastForward Innovations Limited

31 March 2016

 

FastForward Innovations Limited

 

("FastForward" or the "Company")

 

Investee Company Update

 

 

FastForward notes the announcement made today by SatoshiPay Ltd. ("SatoshiPay") in relation to its main product, SatoshiPay.

 

 

March 31st, 2016

 

For Immediate Release

 

"SatoshiPay releases results of initial product launch

SatoshiPay, a blockchain-based nanopayments company that enables digital transactions on a micro-scale, today announced interim results of its product launch.

SatoshiPay's technology enables content publishers to facilitate nanopayments, generating new revenue streams for publishers by allowing them to monetise content they previously would be unable to.

On February 1st, 2016, SatoshiPay released the first version of its product, which integrates seamlessly with WordPress, the world's most popular web publishing platform, powering over 26% of websites globally.

SatoshiPay co-founder & CEO, Meinhard Benn was quoted "we were eager to release the first version of our product as fast as possible and the engagement from publishers and users has been tremendous".

SatoshiPay is pleased to report that in under 2 months, the company's platform:

· Facilitated over 1,607 sales

· Catalogued over 6,687 items for sale

· Adopted by over 120 publishers

· Generated over 7,964 unique user wallets

"We are very early on in the development of our product, but we've had an impressive reaction to the product without any advertising or marketing. We have proven that nanopayments can create monetisation opportunities, where they didn't exist before" continued Benn.

Master Investor Ltd, the company that operates the hugely successful "Master Investor" magazine is one of the early adopters of SatoshiPay, utilising the product on just one web page, has seen strong results using SatoshiPay. Swen Lorenz, CEO of Master Investor said "We are big believers in nanopayments as a means to monetise content that we traditionally haven't been able to monetise, we are very impressed with the interim results and are eager to expand the trial."

SatoshiPay intends to release future updates to its WordPress product as well as expanding its product line to support the growing demand for nanopayments across digital products that run on the web and mobile.

About SatoshiPay:

SatoshiPay was founded in Berlin in September 2014 by Meinhard Benn, Henning Peters and Kilian Thalhammer as a Bitcoin payments company. SatoshiPay Ltd is headquartered in London and development is done through the Berlin subsidiary SatoshiPay Germany UG. Angel funding for SatoshiPay Ltd was supplied by Axel Springer Plug & Play and Henning Peters, seed funding was raised through publicly listed companies Coinsilium Group (ISDX:COIN) and FastForward Innovations (LON:FFWD). Development of SatoshiPay's nanopayment product started in April 2015 and its beta version was released in February 2016. Find frequently updated information at the company's website https://satoshipay.io, its blog https://medium.com/@SatoshiPay and Twitter @SatoshiPay.

Contact:

Meinhard BennCo-founder and CEOmeinhard@satoshipay.iohttps://satoshipay.ioTwitter: @SatoshiPay"

 

For further information, please visit www.fstfwd.co or contact:

 

FastForward Innovations Limited Tel: +44 1481 810 100 Elysium Fund Management Limited

Beaumont Cornish Limited (Nomad) Tel: +44 (0) 207 628 3396 James Biddle / Michael Cornish

Peterhouse Corporate Finance Limited (Broker) Tel: +44 (0) 20 7469 0930 Guy Miller / Lucy Williams

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAAKDDDBBKDANN
Date   Source Headline
11th Aug 201710:15 amRNSInvestee Company Update: Nuuvera Corp
8th Aug 20177:00 amRNSInvestee Company Update
7th Jul 20177:00 amRNSResults for the Year ended 31 March 2017
3rd Jul 20179:48 amRNSInvestee Company Update: Schoold
22nd Jun 20177:00 amRNSInvestee Company Update: Schoold
19th Jun 20177:00 amRNSInvestee Company Update
1st Jun 20174:42 pmRNSInvestee Company Update: Schoold
30th May 20174:52 pmRNSInvestee Company Update
25th Apr 201711:49 amRNSHolding(s) in Company
5th Apr 20177:00 amRNSDisposal of interest in Blue Star Capital PLC
4th Apr 20177:00 amRNSUpdate on SatoshiPay disposal to Blue Star
31st Mar 20174:30 pmRNSBoard Change
24th Mar 20179:23 amRNSInvestee Company Update
20th Mar 20173:40 pmRNSUpdate on disposal of interest in SatoshiPay
7th Mar 20177:00 amRNSInvestment in Nuuvera Corp
2nd Mar 20177:00 amRNSProposed Disposal of interest in SatoshiPay
16th Feb 20177:00 amRNSChange of Adviser
1st Feb 20177:00 amRNSMarket Update
16th Jan 201711:28 amRNSInvestee Company Update: SatoshiPay
4th Jan 20177:00 amRNSMarket update
20th Dec 20164:39 pmRNSHalf-year Report
29th Nov 20167:00 amRNSMarket Update
17th Nov 20169:33 amRNSBoard change
6th Oct 201610:34 amRNSInvestee Company Update
5th Oct 20161:31 pmRNSMarket Update: Leap Gaming
16th Sep 201611:03 amRNSResult of AGM
22nd Aug 20167:00 amRNSPortfolio Company Update
27th Jul 20164:59 pmRNSInvestment
20th Jul 20167:00 amRNSInvestee Company Update: Yooya
14th Jul 20167:00 amRNSStrategic Update
12th Jul 20167:00 amRNSInvestee Company Update: Schoold
2nd Jun 20163:23 pmRNSCompletion of second stage investment
2nd Jun 20167:00 amRNS2016 Shareholder Conference Call, Replay Details
1st Jun 20162:31 pmRNSGrant of Options
1st Jun 201610:33 amRNSInvestee Company update Satoshipay
1st Jun 201610:32 amRNSChange of Adviser
26th May 20168:34 amRNSShareholder call 1 June 2016
26th May 20167:00 amRNSInvestee Company Update - Yooya
25th May 201611:45 amRNSDirector/PDMR Shareholding
24th May 20162:34 pmRNSFinal Results
24th May 20167:00 amRNSIssue of Equity
12th May 20168:43 amRNSInvestee Company Update: DBC
3rd May 20167:00 amRNSInvestee Company Update - Yooya
22nd Apr 20167:00 amRNSInvestee Company Update
19th Apr 20167:00 amRNSInvestee Company Update
14th Apr 201611:35 amRNSAppointment of Special Adviser
11th Apr 20167:00 amRNSInvestee Company Update - Schoold
11th Apr 20167:00 amRNSAcquisition of 29.4% of Leap Gaming
8th Apr 20167:00 amRNSInvestee Company Update: Schoold
6th Apr 20167:00 amRNSInvestee Company Update: Vemo

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.