Micropayments equals easy funding
The future of payment is getting a big boost. It is just a matter of general understanding and we will be seeing the crowd heading this direction. In my yesterday’s article I tried to explain what would tag a transaction satisfying; ‘paying what you want, when you want’. Without easy payments, it will very difficult to run future economy. The amount of daily transaction is about to double or even triple. I have discussed this I several articles, digitalization is taking on the world of business.
entrepreneurs will soon flood this ecosystem. Personally, I am doing my research to make sure my business sits on a good position in this virtual space. It will be ALL smiles for who have early awareness about what is going on. With one entrepreneur able to command hundreds of customers, you can’t deny how rampant payment will be. In this article, we will be dealing much on how micropayments settles in to this.
First, you will have to understand the importance of funding. Maybe we should start with entrepreneurial fundings. We have heard of DeFi platforms, liquidity pools and the rest. Anyway, many have been a flop, nevertheless, one you not overlook the idea behind it in entirety. It is all about easy funding, new technology is likely to face such early phase challenges. The advantage of micropayments is that is goes beyond passing through defi or liquidity pools. This can be done by individuals willingly.
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The future is about easy tipping. Let’s take for instance, what would it really cost you to support a farmer in the rural region or part of the world with as little as $0.1, $0.05 cents or even something smaller than this just to help boost his business? This is beyond just chicken money to no scratch at all. I made such familiar calculations in my recants articles. $0.0510000 tippings equals $500 dollars, $0.15000 tippings equal $500 dollars.
The secret behind the success of micro payments will be turnover. How many make up the world population, how many use the internet? Research keeps it around 5 billion with an expected appreciation year in year out. Of course, this money may not look big but this is a big investment capital in other parts of the world. It will be a matter of who makes the most of this technology first.
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This is where web3 will really gain attention, the idea of tipping is something that must really be explored to expand this ecosystem. A lot of small-scale entrepreneurs are dependent on funding and if we can help them through micropayments tipping and make them side with this tech and also pitch their business tent here, I feel this ecosystem will flourish. It will take some time anyway. A mentor once told me a good business must pass through two phases; the first five years and the follow up second five. Some will fade off yet those that remain will have boost web3 with more users. I have talked about how most entrepreneurs will be going digital in recent articles. Web3 must secure most of them especially the small and medium scale enterprise.
Aside from entrepreneurial funding, we can also look from the angle of individual sponsorships. Micropayments will go a long way in this. That aspiring athlete could get a global tipping which amounts to something very tangible. The reason why I keep saying web3 should not slag is because when this funded bodies boom, they will be the major advertisers and influencers for this chain. How about raising some funds to save someone’s life in the hospital? micropayment will do so much that it will be of high demands. There are individuals of good heart worldwide. Personally, spreading $0.5 cents to five different people for sponsorship for me would be no big deal. I won’t be doing it alone, no cost for panic.
To conclude, let me add, the future belongs to micropayments. There is a lot to talk of on how this will phase off old systems of transaction. I will rephrase it again, ‘a transaction is deemed satisfying if a can send or receive what I want, when I want’. I see micropayment fitting into this definition.
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