Micropayments, redux

[Udhay Shankar N]

Ron Rivest is involved, too. Anybody got more info?

http://www.peppercoin.com/peppercoin_is.html

Peppercoin is a new approach to an old challenge: how to make small value transactions—micropayments—feasible. There is a whole world of digital content gathering dust because owners cannot find a profitable way to get it into the hands of paying customers.

Merchants can profitably sell content or services at very low price points, which would be unprofitable with traditional payment methods.
Consumers can purchase small-value items easily; PepperCoins are "digital pocket change" for music, games, and other downloads.

Through a cryptographically secure process of sampling digital payments, Peppercoin reduces the volume of transactions processed by a third-party payment processor or financial institution. Peppercoin utilizes the most robust and secure digital encryption technologies, based on RSA digital signatures, to process and protect payments.

Peppercoin's innovative technology is protected by worldwide patent applications.



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((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))


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