Image via Shutterstock

How Blockchain Can Revolutionize Micropayments?

This post is originally published in TNT- The Next Tech

Micropayments, as the name suggests, are transactions involving small amounts of money – ranging from less than a cent to around five to 20 US dollars, usually done electronically. Micropayments are an integral part of today’s subscription services and in-app payments.

It is not a new idea. The concept has existed since the nineties. The first generation micropayments that date back to mid-late nineties failed to produce any tangible results. Second generation micropayments have evolved since 2010 with the advent of online subscription services.

However, many factors, technological and economical, have hindered its widespread adoption. But, the dawn of Blockchain technology and the growing adoption of crypto and digital currencies have solved many of the longstanding issues with micropayments, leading to its increased acceptance.

Continue Reading….

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s