Slashdot Mirror
Whatever Happened to Micropayments?
prostoalex writes "Remember Flooz? Or Beenz? With a few notable successes (PayPal, and that's about it) online micropayment industry is saving its success stories for future generations. New York Times reports about two nascent micropayment systems, one coming out of Stanford, one out of MIT, that are supposed to help the content producers and Internet users to engage in less-than-a-dollar financial transactions without huge overhead costs, so typical of credit card payments. BitPass requires you to purchase a virtual debit card with a certain amount on it to pay for products and services, and PepperCoin consolidates numerous micropayments into one bill that is then split between the content providers that managed to sell their product to the Internet user." I still believe that single penny transactions will revolutionize the net.
I still believe that single penny transactions will revolutionize the net.
/. would allow us to quantify the value of the elusive first post:
Plus, a micropayment system on
320 refreshes waiting for next story
1 hit Reply page
0 hits to preview page (and it shows)
1 hit submit page
75 refreshes to see if FP gets modded down
at $0.01 per Slashdot page hit, an FP would be worth $3.97.
I'm much funnier now that I'm a subscriber.
I'll bet ya $0.000838 that it's not over yet.
Je t'aime Stéphanie
Whatever Happened to Micropayments?
I believe they fell through the cracks.
Eve Fairbanks says I drive a hybrid!LOL
The stupid names. "Flooz"? "Beenz"? And I'm not thrilled with "PepperCoin," either.
Just make sure you put the decimal point in the corect place. You don't want to end up in a Federal Pound-Me-In-The-Ass prison.