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DylanBohlender | 4 years ago
Imagine if you could buy access to a paywalled news article for $0.02 (on an article-by-article basis) instead of having to purchase a monthly subscription. Or imagine being able to pay $0.10 to watch a particular episode of a show without needing to subscribe to the streaming service. How many people would prefer doing that instead of using current SaaS subscription models (which exist largely because it's a huge hassle to implement credit card-based micropayments)?
Subscription businesses should be on guard: micropayments open up advertising-independent ways for creators to monetize content. With all the well-deserved criticism of ad-based businesses in recent years (particularly social media), it's possible that micropayments enable business models that don't rely on ads the way many online businesses have up to this point. That's huge, and kudos to Twitter for taking the leap.
lnxg33k1|4 years ago
unknown|4 years ago
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