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Micropayments

Definition

Micropayments are transactions involving very small amounts of money, often fractions of a cent, conducted rapidly and with minimal fees. In the digital asset realm, these are typically facilitated by specific blockchain protocols or payment channels designed for high throughput and low cost. Micropayments enable new economic models for digital content, services, and data access where traditional payment systems are prohibitively expensive or slow. Their viability hinges on efficient transaction processing and negligible fees. This mechanism supports granular monetization strategies for online interactions.