I know I must be missing something here, but what is actually preventing a service where a number on your account (which you have funded with $10, because lots of quality news and content sites are signed up to it) decreases by 00.10 and someone else's number (whose article you just paid to read) increases by 00.10?
One the face of it, this seems like the easiest thing in the world to accomplish, particularly for already established, trusted and extensively used payment-related companies like Paypal.
Any idea how to encourage quality content with micropayments? The naive implementation would be to charge on opening the article, but I suspect that would just encourage more click-bait headlines. Short articles can still contain good content, so just tracking reading time wouldn't be sufficient either.
I'm hyperbolizing, but even if it were $100/month, it wouldn't be worth the space. What this space needs is someone with deep pockets to subsidize the publisher growth until the critical mass of users is reached.
There are Wired articles I would pay to read, but I don't want the whole corpus.
Micro payments cannot come soon enough.