Ask HN: Why is there no internet micro transaction protocol yet for USD?

Posted by Ian999 on Monday September 25, 2017 @05:57PM
from the ask-hn dept.

I understand crypto can work with micro transactions but it's unclear to me that usd would not work. I know it's expensive through the credit card model but surely some version of mobile could be adopted.

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Re:Ask HN: Why is there no internet micro transaction protoc... by PaulHoule on Tuesday September 26, 2017 @08:25AM (#15337982)

You could use a blockchain to make payments denominated in USD. (e.g. Ripple) Previous to blockchains it was generally thought that micropayment protocols were expensive: after Bitcoin, people stopped caring about what they cost.

Blockchain or not, it is hard to get the costs down. Some of the problems of the credit card model (fraud) never go away.

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