The Tipping Point of Bitcoin Micropayments
Jose Pagliery writes about technology for CNNMoney. He has covered the growth of bitcoin, penning dozens of articles on digital currency, writing for the Atlanta Journal-Constitution, the Daily Business Review and the Miami Herald. He is also the author of 'Bitcoin and the Future of Money'. In this excerpt from the book, Pagliery looks at the advantages and use cases of micropayments. The first major newspaper to venture into uncharted territory was the Chicago Sun-Times, which erected a bitcoin paywall in April 2014. A careful look at the company's decision shows that the paper is....
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Bitcoin offers an opportunity to allow people to make micropayments, which could provide solutions for content monetization, online tipping and more.
A number of companies have been looking into bitcoin micropayments as a means for funneling donations or tips online. After all, the cryptocurrency promises lower transactions costs compared to traditional payment methods such as credit cards or PayPal. Online tipping can be made to express appreciation for an artist's work on the internet, such as a good music album or digital art piece. The problem, however, is that users encounter friction when it comes to managing several individual bitcoin tipping methods. ProTip Bitcoin Micropayments. For ProTip developers Leo Campbell and Chris....
The Bay Area's leading poverty-fighting organization recently accepted its first Bitcoin donation. Bart and Brad Stephens of Stephens Investment Management donated 20 bitcoins to Tipping Point Community on February 6."Bitcoin is a disruptive innovation in the field of financial technology," Bart Stephens said. "Tipping Point is an innovator and a disruptive force in philanthropy. We have supported Tipping Point since its inception and we are excited by this pioneering gift. Both Tipping Point and Bitcoin share a bright future, bringing benefits to consumers and families in need....
Potentially bitcoin's first killer app, tipping has been a hot topic of discussion lately. Earlier this week Bitcoin investment firm Pantera Capital announced its participation in the Series A funding round for social tipping startup, ChangeTip. And just last month Coinbase launched its bitcoin tipping button to allow anyone to accept micropayments anywhere on the web. Despite it being early days in the world of bitcoin tipping, it seems as though early adopters have their personal preference when it comes to which service they want to use to spread value across the internet. A discussion....
Bitcoin-centric social network ZapChain is once again enabling micropayments with the launch of a new in-house tipping mechanism. The announcement finds ZapChain furthering its attempts to experiment with content monetization, following Coinbase's decision to end its tipping service in February. Company CEO Matt Schlicht asserted the move toward micropayments was inspired by the lack of available venues for consumers to have introductory experiences with bitcoin, while ZapChain investor and Boost VC CEO Adam Draper spoke to the big picture behind the company's vision for content....