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Micropayment

Categories: Banking, Tech

Rivers of pennies. Torrents of nickels. Dams of dimes. That's the realm of micropayments.

Want to view a YouTube video without ads? Just that one video...not a month's worth. Then maybe it costs you a tenth of a cent. Would you pay? Sure you would. Like...what's your time worth, anyway?

The world of micropayments will soon be upon us such that the world can a la carte value its time and whatever elements it wants to buy in teeeny tiny payments that match demand elasticities, with supply a whole lot closer than the "all you can eat this month for $29.95" vibe we live in today.

Find other enlightening terms in Shmoop Finance Genius Bar(f)