Will Ethereum Beat Bitcoin to Mainstream Microtransactions?
Micropayments have long been one of the most hotly-anticipated use cases for bitcoin, but similar tech may be coming soon to Ethereum, the decentralized blockchain network that has recently rejuvenated outside interest in the cryptocurrency space. While payments that cost fractions of a cent have historically been prohibitive on the Internet, supporters of the use case believe it could one day enable everything from alternative ways of paying for art and journalism to promoting tipping on social media. Market observers have forecasted that there could also be a lucrative market for the....
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Coinbase, the bitcoin wallet and exchange payment processor, has announced that it will begin processing off-block chain microtransactions. These transactions will be free for users, and once a user has accumulated 0.01 BTC they can withdraw funds, which then incurs the normal block chain fees. The new microtransactions are handled internally at Coinbase and are instant. For instance, you can even send a unit as small as a Satoshi (0.00000001 BTC). This will be a useful feature for Coinbase users because while miner's fees are relatively low for most transactions, they become significant....
The Liberty Beat Partners with Genesis Communications Network. FOR IMMEDIATE RELEASE. Contact: John Bush, Owner and Editor in Chief of The Liberty Beat. Phone: 512-773-6102. San Marcos, TX - The Liberty Beat, your daily source for liberty news and activist updates, is announcing a new partnership with the Genesis Communications Network that will greatly expand the reach of the program. The daily news service will also soon be producing three updated editions a day. Since January of 2013, The Liberty Beat has provided daily top-of-the-hour news that could be heard on LRN. FM and up to 14....
Visa has a launched a new programmable API. Announced via its Visa Developer platform, is a Microtransactions (MTX) API with which developers can “enable virtual currency” for desktop and mobile applications. The project will also allow branded reward points systems, coupons, and campaigns for virtual transactions. Visa has been a fan of blockchain....
Blockchain-based web API company BlockCypher recently released a Microtransaction API making it possible to transmit payments as little as 2,000 satoshis (or roughly 0.5 cents). The offering also enables On-blockchain microtransactions marking a significant departure from the usual off-blockchain transactions. "In addition to our normal Transactions API, we offer a unique, on-chain microtransaction endpoint that makes it easy to propagate smaller, nearly-instantly guaranteed, more frequent transactions that are still publicly auditable and trusted through their existence on the....
Payment processor BitPay is working with an open source project called BitMonet to enable microtransactions for publishers. The project allows publishers to install paywalls on their web sites, charging for access to digital content using a variety of models. Started by Bo Li, Ankur Nandwani, and designer Valerie Chao, the project was conceived at the Bitcoin 2013 conference in May. The BitMonet system is different from other microtransaction systems such as Coinbox.me or Coinbase's microtransaction service says Ankur, because it focuses on a particular vertical industry - publishing -....