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One potentially huge market is online payments and small transactions. If libra is embedded into the browser, millions of blogs could start charging for frictio
by buboard 7y ago
One potentially huge market is online payments and small transactions. If libra is embedded into the browser, millions of blogs could start charging for frictionless access to their content, and thousands of games would improve their experience and revenue. That s a huge and largely unserved area, unless you think that entering card numbers and private data with every spent penny is a good situation. I think Libra is going after this kind of use cases, the ones that are not possible today. If that works, and it catches on, then yeah, they ll go after the 0.5% because people will want that too.
A blockchain is also a digital signature, a verifiable programmable general purpose ledger for smart contracts. Just giving each FB user a wallet id, even without money, has a lot of potential.
- pxlpshr 7y agoThe 'problem' you just described has nothing to do with crypto-currency as the 'solution'. Apple Pay is the most frictionless payment system I've used, can integrate with the browser, and attached to any of my credit cards. Paying for 'bits' of content is already a thing, you can buy single article access on many of the newspaper websites today.
- davidgerard 7y agoMicropayments of this sort are one of those use cases that people have been trying to put into place forever, and they always founder on the fact that users hate them.
- buboard 7y agoI paid the other day with metamask and i loved it. the concept made sense and was way too easy
- jpindar 7y agoVirtual world users like them. I put on virtual pyrotechnics shows in various grids and and get paid or tipped in either the grid's own digital currency or in Gloebits. Gloebits are better since they can be spent on various different grids and by all my accounts. I also take paypal. https://gloebit.com/about-gloebit/ https://gloebit.com/about-gloebit/