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Blockchain technology can make micropayments finally functional

Published 10/30/2021, 03:11 AM
Updated 10/31/2021, 07:20 PM
BTC/USD
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I recently came across Marc Andreessen’s article from 2014 on Bitcoin (BTC). In many ways, it is visionary (no surprise). I have been in the industry for four years now, with most of my focus being on the social impact of blockchain. It is astonishing to me that in 2014, before there was any institutional presence in Bitcoin — or, indeed, a popular understanding of this new technology — Andreessen was able to outline its potential economic and social impact for the future.

Nearly eight years after he inked his words, I would like to address one of the topics from his article: micropayments. I will explore how blockchain could help transform micropayments and thus enable not only the monetization of certain aspects of businesses that are in need of a solution but also could assist society’s most vulnerable.

Netta Korin is a co-founder of Orbs and Hexa Foundation. Prior to Orbs, Netta served as senior adviser to General Mordechai Hod on special projects in the Israeli Ministry of Defense and as senior adviser to Deputy Minister for Diplomacy Michael Oren in the Prime Minister’s Office. Netta began her career on Wall Street as an investment banker and later became a hedge fund manager. She has extensive experience in philanthropy and for over 15 years has served on multiple boards in Israel and America, holding high-level positions in executive committees.

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