28 Sep '15, 6am

Why the 21 Bitcoin Computer Won’t Be The Future Of Micro Payments

Why the 21 Bitcoin Computer Won’t Be The Future Of Micro Payments

21 Inc. believes the ability to generate a few pennies per day worth of bitcoins will open up new types of markets that don't currently exist. The existing proof of concept for the device that 21 Inc. is currently selling is aimed at developers who will create applications that use the 21 chip's capabilities. Over the next few years, 21 Inc. expects the chip will get smaller and less expensive, to the point where it can be built into various third-party devices. An example would be a small speaker that acts as an ad-free jukebox system. You plug it in, select a song, and the device starts playing. The jukebox then generates a fraction of a penny for each song played and sends it to the relevant copyright owner.

Full article: https://www.cryptocoinsnews.com/21-bitcoin-computer-wont-...

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