3 ms·

This seems like great advocacy for http://www.w3.org/Payments/IG/Roadmap/ http://www.w3.org/Payments/IG/Roadmap/ My first concern is the lack of (popular) paym

This seems like great advocacy for http://www.w3.org/Payments/IG/Roadmap/ http://www.w3.org/Payments/IG/Roadmap/ My first concern is the lack of (popular) payment providers that enable microtransactions. If you want to pay $0.15 for a web page, and there's a flat 30 cent + 2.9% processing fee on every transaction, the model doesn't work. Second concern is using primarily commercial payment providers nothing to break the oligopolies created by payment gateways, which is what makes these transaction fees so high in the first place. I would love to see cryptocurrency support baked into any implementation of browser payments, as microtransactions and user freedom are both well supported.

pjc50 11y ago
Why are there transaction fees when seemingly all you're doing is updating a value on a ledger? Fraud. Investigating transactions involves humans, which gets expensive. Global-shared-ledger cryptocurrencies aren't suitable for this case: a global record of every web page the world views is far too huge a quantity of data.
pmuk 11y ago
To deal with the per-transaction flat rate fees, you could simply group multiple purchases together into a single transaction. For example, a micro-payments provider could operate like a prepaid debit card, whereby you upload funds and then they subtract small amounts from the balance.
Paul-ish 11y ago
The cost of a transaction on bitcoin is likely to go up over time, especially if the block size doesn't increase. The micropayments protocol for cryptocurrencies doesn't really cover the use case of using many website, unless you have a trusted 3rd party to accumulate the micropayments.