Are Micropayments a Viable Business Model?

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cointelegraph.com – 

Walter Isaacson, CEO at Aspen Institute, writes:

“A flourishing digital economy based on easy payments might also encourage the invention of new forms of media: collaboratively created role-playing games, interactive online plays and novels, and new ways to combine art and music and narrative.”

Micropayments may be a viable business model as consumer behavior has changed. The existing credit card rails can only be used for funding a stored value account that is debited in tiny amounts, while the blockchain can do this quite easily.

Read more about micropayments, a topic about which investors are enthusiast at cointelegraph.com

 

photo CC by Randen Pederson

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