#4 Untangling: Micropayments

Join hosts Alec and Jack on an exciting episode of Untangling Web3 as they explore the world of micro-payments and their transformative impact in the realm of Web3.

Discover the origins of micro-payments, their fascinating history, and the challenges they face within traditional payment systems. Delving into history, our hosts trace the roots of micro-payments from Web1 to the groundbreaking introduction of the "payment required" status code (402). They uncover how traditional payment systems often hinder micro-payments due to fees and unnecessary intermediaries. It's time for a change!

Enter Web3, where Alec and Jack reveal the immense potential of micro-payments. Thanks to peer-to-peer transactions through blockchain technology, Web3 offers an ideal environment for micro-payments to thrive, unlocking new economic models and opportunities.

Exploring the opportunities within Web3, Jack focuses on micro-incentives, where gamification takes centre stage. Micro-payments can motivate positive behaviours, such as health improvement or recycling plastic bottles. Alec explores payment streaming, envisioning real-time payments for energy consumption and pay-per-minute media streaming.

Join Alec and Jack on Untangling Web3 as they unravel the mysteries and opportunities that lie ahead.

Untangling Web3 is brought to you by hosts Jack Davies and Alec Burns, produced by Emma Camilleri, and music by Daniel Paigge. Got a question or topic suggestion? Send us an email at [email protected].

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