RCS - Blue Star Capital - SatoshiPay Update

Blue Star CapitalAnnouncement

19/03/2025 07:15

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RNS Number : 2105B  Blue Star Capital plc  19 March 2025

19 March 2025

 

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

SatoshiPay Update

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
blockchain, esports and payments, is pleased to note the announcement by
SatoshiPay Ltd ("SatoshiPay"), its investee company, that on 18 March 2025,
Vortex, a project incubated by SatoshiPay, launched in Brazil.

Vortex is a decentralised exchange platform incubated by SatoshiPay, designed
to enhance global payments by bridging stablecoins with local fiat currencies.
This launch will help facilitate immediate conversions of USD Coin (USDC) and
USDT (Tether), US stablecoins, into Brazilian real (BRL), via PIX, Brazil's
instant payment system created and managed by the Central Bank of Brazil.

This will allow Vortex to integrate directly with Brazil's financing
infrastructure, and facilitate the real time transfer of crypto based stable
coins into BRL

Reach is a non-regulatory news service. By using this service an issuer is
confirming that the information contained in this announcement is of a
non-regulatory nature.

 

For more information please contact:

 

 Blue Star Capital plc         +44 (0) 777 178 2434
 Tony Fabrizi

 Axis Capital Markets Limited  +44 (0) 20 3026 0449
 (Sole Broker)
 Lewis Jones

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Limited, an experienced blockchain
company with a strong track record in innovative payment solutions; Lets Play
Live, whose B2B white label platform is a full-stack gaming ecosystem; Paidia,
a female focussed gaming platform; and Sthaler Limited, an identity and
payments technology business which enables a consumer to identify themselves
and pay using just their finger.

Forward looking statement disclaimer

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions shareholders and prospective
shareholder holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the date of this
announcement. The forward-looking statements made in this announcement relate
only to events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions or updates
to these forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement except as
required by law or by any appropriate regulatory authority.

 

 

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