Re:How Bitcoin Can Save Publishing
by kaonashi on Monday October 07, 2013 @06:44PM
(#6511823)
Bitcoin paywalls… gee how original. It's just like our old non-solutions, only with Bitcoins, so that makes it awesome.
[ Parent
| on HN ]
Lower fees, and no divulgement of personal financial details, make it awesome for micropayments.
It's like Paypal without the risk management and all the convenience of forex.
It has lower fees than PayPal. For micropayments, you don't really need risk management. In addition to offering a lower cost option for micropayments, it enables transactions in countries not well integrated into the global economy where PayPal can't operate (e.g. Ukraine).
You're right about the forex cost.