Founded by Bo Li, Ankur Nandwani, and designer Valerie Chao, BitMonet is a smart micro-transactions platform which is helping content generators monetize content with virtually zero transaction fees. This is a platform for creation micro-transaction-based paywalls on a website or a popular blog that fetches a large number of visitors daily.
The best part with BitMonet offer is that it doesn’t charge transaction fees of any sort from the owners of the website or blog. Though, there is no transaction fees, the organization has very minimal Bitcoin protocol fees which it may soon eliminate considering the inconveniences it causes to the blog or website owner.
A statement from BitMonet says that it leverages Bitcoin protocol to make micropayments profitable for the client and their business. Thus, if their website is constantly generating valuable content, they definitely can monetize the same for free. The solution might help the website owners meet bottom line.
This is a measure that will help you sell your content without jeopardizing the interests of the people who visit your website for quality content. The only other way is to charge fees from such visitors but that may be a difficult decision to make; however, when you are monetizing with BitMonet’s scheme, you are helping thousands of loyal visitors.
Why BitMonet Can Be a Good Decision?
Answering the question a spokesperson for the organization says that with BitMonet blog or website owners can charge customers per article, by hour, or by day and give them the content they want, when they want, at an affordable price. The only other way is to ask for subscription from visitors which may create problem as it would not be a nice idea to ask for credit card every time he tries to read an article or blog.
On the other hand, BitMonet will keep the blog’s customers engaged with the blog owner’s content in the short term and help him focus on creating a case for a full subscription investment in the long term.
A release from the organization says that when a blog owner uses BitMonet, it adds some basic functions to their blog and when someone clicks on a link, a window pops up asking for a few cents to read a post and a little more to buy an hour’s worth of access or a day pass. This obviously requires access to and a willingness to use Bitcoin although payment in other currencies too is acceptable.
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