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Feeless Micropayments and Their Impact on Business Models
Publikationstyp
Book Part
Date Issued
2022
Sprache
English
Author(s)
Institut
Start Page
799
End Page
813
Citation
Handbuch Digitalisierung: 799-813 (2022)
Publisher DOI
Publisher
Vahlen
Peer Reviewed
true
Next-generation cryptocurrencies based on distributed ledgertechnology promise feeless value transactions, which may impact existing micropayment business models and make new ones possible. In this paper, we discuss corresponding opportunities and also address challenges as well as respective research perspectives. In a nutshell, business models based on micropayments will get a boost. The direct impact on current micropayment models might be small, but an expansion of product offerings seems likely. Further, it can be expected that individual payments even worth less than a centwill give rise to unprecedented business models. This development supposedly holds true particularly for payments in the machine-to-machine economy—for example, in directly paying for or selling data, energy, or usage.
Subjects
Feeless micropayments
Business Model Innovation
Distributed Ledger Technology
Blockchain
Directed Acyclic Graph
IOTA