The fourth episode of the Untangling Web3 Podcast focused on micropayments, a core area of Web3 that hosts Jack Davies and Alec Burns are both extremely excited about. Similar to the last episode, which focused on tokens, episode four is packed with tangible use cases and examples of how micropayments fit into the Web3 landscape.
What are micropayments
“Micropayments to me is the ability to send a very small amount, less than 10p or a penny, to someone for a very cheap transaction fee,” shared Burns.
Davies pointed out that we’re not used to going into stores and spending less than a few pounds due to the fees associated with legacy payment methods. He said we need to start thinking about the 10th or even 100th of a cent transaction and what we’d be willing to spend this amount of money for.
“What would you want to pay for that costs less than a …