Blockchain technology can finally make micropayments work

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Blockchain technology is making an effort to bring forward micropayment and monetization which can perpetuate sustainability and help at risk communities. I recently came across Mark Andreesen’s article on Bitcoin (BTC) from 2014. He is visionary in many ways (no surprise. I was surprised that in 2014, prior to Bitcoin’s institutional presence – or indeed widespread understanding of this new technology – Andreesen was able to decipher its potential economic and social implications for the future.Nearly eight years after, I want to focus on one of the topics in his article: micropayments. I will explore how blockchain can help transform micropayments, not only enabling monetization of certain aspects of businesses that need solutions, but also helping the most vulnerable communities.MicropaymentsMicropayments are not a new concept. Micropayments have enjoyed varying degrees of popularity since the mid-1990s. Micropayments by definition are transactions with values below a certain l

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