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On 14 Sep 2003 at 14:23, James M. Ray wrote:
> Micropayments-alone is like trying to grow rice in a desert,
> and focusing on this very-tough & not-very- profitable
> segment of the payments-business is one of those weird
> lessons that smart people insist upon wanting to learn over &
> over, it seems...
People go after micropayments for two reasons:
1. There is no widely deployed micropayment mechanism.
(e-gold seems ot have the best micropayment penetration, from
what I can tell)
2 Fear of lawyers -- there are lots of legal restrictions
against competing with banks. If you go after micropayments
alone, you are not violating any of the many US laws protecting
the banking cartel from internal or external competition.
--digsig
James A. Donald
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l9u65nUZLad7z81XOturmen7epK+6vbKjtKJy0sx
4jg+li4aJOGcbkmmNK1J7kaSmlCEF06oKtF6Q1kn/
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