Content Monetization via Bitcoin Nanopayments: How It Works and Why It Is Convenient

Content Monetization via Bitcoin Nanopayments: How It Works and Why It Is Convenient

In February 2016, SatoshiPay introduced a new feature – payment for online content via Bitcoin nanopayments. Thus, users have obtained a possibility to pay for useful information only, and content producers – to monetize their products quickly.

What is a nanopayment?

It is a Bitcoin transaction for an amount up to one cent or less.

Why is it convenient?

 - This service provides instant transfer of funds and high frequency of transactions: a user can carry out several operations per one second.
 - Nanopayments enable users to pay only for a portion of content (videos, texts, etc) that is really interesting.
 - Payments are made in one click without registration.
 - Ability to pay for content automatically.

Traditional systems are not interested in micropayments because of high operating costs; however, SatoshiPay has kept costs to a minimum.

“This opens up new opportunities to monetize web content and other digital products,” a co-founder and CEO at SatoshiPay Meinhard Benn said.

At Blockchain & Bitcoin Conference Prague 2016, he will tell why micropayments are able to develop new business models and how to implement them in smart contracts.

The title of Meinhard Benn’s report is “Nanopayments – Fuel for a Machine-To-Machine Economy.”

Meinhard Benn has founded SatoshiPay. He is an experimenting businessman, a miner, a trader and a fan of cryptocurrency, who promotes Bitcoin ecosystem globally.

Hurry up to join Blockchain & Bitcoin Conference Prague and ask a question to the speaker!

Registration: http://bitcoinconf.eu/en/registration


Related News

SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

Bitcoin seems to hold a lot of merit in the world micro- and nano-transactions. SatoshiPay is one of the companies exploring this space, and they have released their new API earlier today. Additionally, the company also announced they reached the milestone of 10,000 user-generated wallets. Content creators are always looking for new ways to monetize their efforts, yet it is proving increasingly difficult to do so. The traditional business model of hosting advertisements or using Google Adsense is becoming less profitable due to ad blockers. Erecting a paywall and forcing visitors to pay....

Satoshipay is Taking Bitcoin Nanopayments to the Mainstream

Bitcoin startup Satoshipay has been enabling content publishers to facilitate tiny bitcoin payments with no fees for almost a year now. The company has just raised €1 million to take their ‘nanopayments’ to the mainstream. Big Money for Tiny Payments. Headquartered in London with an office in Berlin, Satoshipay started developing its nanopayment product....

Kim Dotcom’s Next-Generation Content-Monetization Service K.IM Announces Bitc...

PRESS RELEASE. Megaupload creator Kim Dotcom announced this month to use Bitcoin Cash for his newest innovation, K.IM, a suite of tools to enable anyone around the world to manage, protect and sell digital content at ultra-low fees and without intermediaries. Dotcom, who’s website Megaupload was once the 13th most popular site on the Internet and responsible for 4% of all Internet traffic, said K.IM turns “digital files into file shops. Users can use our service to package a file that they want to sell into an encrypted container file and then they can place it anywhere on the....

Video Experiment Shows YouTube Stars Can Earn More Revenue With Bitcoin Micropayments

Micropayments have been touted as one of Bitcoin’s main use cases since the early days of the technology, and a recent trial of the Bitcoin-powered content platform PopChest by YouTube Star NurdRage indicates that these claims may not be overblown. NurdRage has been testing out various alternative content monetization schemes lately, and a test of PopChest generated a 400 percent increase in revenue for the science-focused YouTube channel. Past Tests With Bitcoin-Focused Content. The early testing ground for PopChest’s micropayments-based content monetization model has been TheProtocol.TV.....

A new era of content monetization? Blockchain tech can get you paid

Current content monetization systems are seen as broken, but some blockchain solutions claim to hold the key to solving their issues. By doing so, they have helped regular people become known celebrities, many of whom now hold more influence than TV networks and print media outlets. The same can be said for music streaming services like Spotify and iTunes, which now allow musicians to skip record label deals and simply upload their songs directly to platforms through services like DistroKid and others.While these are amazing feats, to say the least, the model still needs to be improved.....