Making micropayments using cryptocurrencies and stablecoins

Micropayments are financial transactions that often involve miniscule sums of money. Unsurprisingly, these smaller payments are not ideal for many of the traditional payment systems because of their high transaction costs. On the other hand, stablecoins and cryptocurrencies (digital currencies) can make micropayments in almost real time, and affordably. These ‘pint-sized’ transactions are frequently used to support online producers of content the access to digital material (e.g. songs, articles) and make purchases online. Essentially, micropayments have the potential to completely transform the way we connect and trade online by enabling efficient and inexpensive transactions. For example, a stablecoin could be used in conjunction with a QR code to tip a busker instead of cash - as this link from Millicent Labs demonstrates.

Source: Millicent Labs

Benefits for digital content monetisation using micropayments:

·      flexibility - micropayments offer more flexibility than conventional pay…