Word: cybercash
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...Unfortunately, micropayments in the past have failed to live up to lofty expectations. Over the last 10 years, several companies including U.S.-based Peppercoin and CyberCash offered online payment systems that didn't catch on. PlaySpan CEO Karl Mehta says this is because "there was not enough digital content to consume." That's changing. Mehta predicts that micropayment services will over the next few years become available on a wide range of gaming and social websites - adding that there's no reason they can't be used to buy newspaper and magazine articles, too. "The newspaper industry is now crying...
...Admittedly, the Internet is littered with failed micropayment companies. If you remember Flooz, Beenz, CyberCash, Bitpass, Peppercoin and DigiCash, it's probably because you lost money investing in them. Many tracts and blog entries have been written about how the concept can't work because of bad tech or mental transaction costs...
...highest-flying retailer may finally have figured out how to wring enough cybercash from its customers to actually make a profit: offer more things to buy. Amazon.com has started selling consumer electronics, games and toys (all billed as holiday gifts) as well as movie videos to go with its books and music CDs. For the hapless holiday shopper in need of ideas, Amazon's new "gift matcher" will make suggestions based on the recipient's interests. And for the truly indecisive: gift certificates you can e-mail...
...long suggested the Net be a free-trade zone -- but this is the first time he has needed to fight for his policy. The fledgling e-commerce industry faces a major threat from state governors, whose national association voted Tuesday in favor of local Internet taxes. That would put cybercash transactions at risk from 30,000 separate tax jurisdictions in the U.S. alone, and likely injure -- if not trample on -- the green shoots of Net trade...
...What is available today is partially O.K. and also widely understood to be not good enough," said Steve D. Crocker, chief technology officer and co-founder of Cybercash. Crocker cited too much congestion and insufficient reliability as examples...