Payments and blockchain technology—what’s happening right now?

These days, it’s more common to see digital currency advocates celebrate that a payments company (e.g., PayPal) has offered their preferred token for sale than to see them celebrating payments companies building on blockchain-based protocols.

This isn’t how it was supposed to be. However, while many have forgotten the original purpose of Bitcoin and other digital currencies, it hasn’t been forgotten by everyone. Some interesting and disruptive developments related to payments are happening right now. Let’s take a closer look at some of them.

Micropayments

Satoshi Nakamoto mentioned micropayments multiple times in his first public post. He said small, casual transactions many times in his Bitcoin white paper. However, it seems that BTC advocates and many others have forgotten or deliberately dismissed this.

Yet, micropayments are alive and well. Right now, the Bitcoin protocol (BSV) processes millions of them per day. Not long ago, BSV processed more than 20 million micropayments in a single day, but even that is only scratching the surface of what it’s capable of. Blockchains like Solana are also capable of micropayments, but unfortunately, they continually…

Read more at coingeek.com

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