Genuine question: why do you need the blockchain to do this? I use Kagi's search API with AI. No blockchain. Just great search.
If need to use an API, needs to do: user creation, top-up some money, create a token, store the token somewhere, pass it to the agent... and later renew the token...
With a blockchain, no need for all of that. And you can only pay for few cents, no need to top-up a full 5$ min for each services. If you have dozens of services that you need to reach, the benefits start to be interesting.
That all happens in Lightning Network too, it's just called different things. You need to create a channel (create an account, create a token) locking up a certain amount of money (topping it up), and obviously you need to store the credentials for the channel (store the token), and renew it (renew the token) or close it (refund unused credits) every week - that means opening the app at least once a week or you lose your money - otherwise your partner gets all the locked-up money.
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Well, your crypto wallet is also tho materialising from thin air out of nothing... You need to set up things top up wallet, take care of keys etc...
You need micropayments. Banks and creditcards don't do those (and the WebPayments W3C API proposal failed due to that) because there is not much money to make in micropayments. It is not feasible to answer customer service calls for $0.0005 charges, or issue bank statements and follow regulations for transfers in the sub-cent area. That is why they charge minimum fees for each transaction, i.e. $0.30 per transaction.
If I understand the regulations in the US correctly, don't micropayments, implemented like this, just create absurd reporting requirements for the parties involved, instead of the facilitator of the transaction?
Unless I'm confused, it seems like for a US taxpayer, this mechanism would require that their federal income tax return include, either on an 8949 or an attached statement, an itemized list of every single transaction they made for every single search over an entire year.
> It is not feasible to answer customer service calls for $0.0005 charges
Does accepting payment in crypto exempt a merchant from local customer-service requirements?
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The current financial system fails at delivering cross border micro payments.
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