Can Bitcoin Fix Micropayments? Today

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Micropayments were all the rage in the 1990s. The idea of allowing customers to pay tiny fees for physical or online products was thrilling and received a lot of attention. However, early micropayment models failed to solve the problem of incurring large costs on processing tiny transactions. This is why micropayments haven’t taken off, years later after the idea was conceived.

But Bitcoin may offer — finally! — a workable model for micropayments for businesses and customers. We’ll explore how Bitcoin facilitates microtransactions and what benefits this technology offers.

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