Word: peppercoin
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Dates: during 2000-2009
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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...
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