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[ale] OT: micropayment scheme
- Subject: [ale] OT: micropayment scheme
- From: jcphil at mindspring.com (Jim)
- Date: Wed, 19 Feb 2003 08:26:59 -0500
Slashdot had a link to this article about micropayments. They haven't worked
thus far, because the credit card transaction fees are too high to make small
payments profitable. But Ron Rivest, of RSA fame, has come up with a scheme
that throws some payments away and makes others worth $10. Mathematically, it
all works out to a profit for the vendor. It's a fascinating concept and one
that could make a whole new series of business plans workable on the Net.
Read about it here:
http://www.boston.com/dailyglobe2/048/business/Solving_the_problem_of_micropayments+.shtml
and here:
http://www.peppercoin.com/
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