Despite all the evidence to the contrary, I remain convinced that there is a macro opportunity in micropayments. Now, it seems, the noted entrepreneur Elon Musk agrees. He is planning a new Twitter service that will give publishers a “one click” solution to charge consumers on a per-article basis. He says it will be a “win for both the public and media organisations“.
Latent Market
The idea that there is a latent media market that is waiting to be energised by a viable micropayments solution is hardly new. Many years ago, another noted entrepreneur Marc Andreessen said that a “fascinating use case for Bitcoin is micropayments”. Observing that it was not cost-effective to run small payments through the existing payments infrastructure, he thought that Bitcoin’s
BTC
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