Well the currency just shares the same last name as Howard, Tech Crunch is out today with an article on NeuCoin, a cryptocurrency that wants to specialize in micropayments. Speaking of Micro Payments, I had someone give me a tip on Twitter using a company called ChangeTip.com, I just had to connect my Twitter account and I received $3.50 in BTC. I need to do more research into the company as it seems kind of cool.
From the article:
Meet NeuCoin, a new cryptocurrency designed specifically to tip content creators and make online micropayments. NeuCoin is both a startup based in Paris and a new currency. It raised $2.25 million from dozens of business angels and signed partnerships with a few content distribution websites. Here’s how it works.
NeuCoin explained me why we need yet another new cryptocurrency. Bitcoin presents a few risks when it comes to microtransactions. First, it is incredibly complicated to understand what a wallet is, how it works and why you would need one to pay for a song or a movie. It basically replaces your credit card for online transaction. Yet, this is not enough to convince mainstream users.
On the mining side, there are now very few players and there is a risk that mining becomes an oligopoly. Bitcoin’s original mission of killing banking fees could fade away.
Read the full article on Tech Crunch