The example given (Vultr) is equivalent to a Starbucks card. You’re prepaying a company for a service. The transaction is the prepayment. How you use that balan

The example given (Vultr) is equivalent to a Starbucks card. You’re prepaying a company for a service. The transaction is the prepayment. How you use that balance is now irrelevant. Micro transactions to a range of different independent businesses requires using existing payment networks (visa / MasterCard / etc: relatively expensive; crypto: lack of widespread adoption) or building a new payment network. > If you are willing to trust an intermediary (and most people are) We already do. It’s called the bank. We also have regulation that helps. How many people keep real money in their personal PayPal accounts? How many people can even afford to? EDIT: I retract my Vultr / Starbucks equivalence. > At the end of each month, Vultr tells we what's due if I exceed what remains in the account. If necessary I load more money in Starbucks will not let your spend exceed your deposits on your card. Your statement suggests Vultr will. Credit accounts are a whole other risk. What happens if you don’t pay off your balance after you’ve already consumed the service?