Resolving the Micropayment Problem

Cryptography-based alternatives are the most appropriate long-term solution to the micropayment problem, especially compared to the business solution of restructuring transaction fees. We acknowledge that the business solution is easier to deploy in the short term. Cryptography-based solutions face tremendous deployment challenges: they need more market testing, they significantly change payment-ecosystem processes, their legal implications are unclear, and they require new kinds of devices and processes for merchants. Nonetheless, the long-term payoff of investing in such sound solutions are be tremendous