Microsoft Plans Micropayment System

Posted: Jan 29 2007, 5:00am CST | by , Updated: Aug 11 2010, 12:52am CDT, in News | Other Stuff

Microsoft Plans Micropayment System
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Looks like Davos in Switzerland is a great place to announce vague new things. We reported about Youtube's announcement sharing revenue with users the other day. Now Bill Gates said in a speech at the World Economic Forum in Davos that Microsoft plans to introduce a Micropayment system.

Microsoft actually wants to directly attack credit cards and not waste time to compete with eBay's Paypal. Not many details are known yet. The MS payment system would be of course easy to integrate with APIs and its main attraction is supposed to be new ultra-low transaction fees to make micropayments below $1 a reality.
More details on Ars Technica.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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