Micropayments refer to small-scale financial transactions, typically involving tiny amounts of money, conducted electronically. Micropayment systems enable the transfer of small values efficiently and cost-effectively, often bypassing traditional payment methods that may have higher fees or minimum transaction limits. Micropayments are commonly used in various scenarios like online content monetization, pay-per-use services, and digital goods purchases. The advent of cryptocurrencies and blockchain technology has further facilitated micropayments by providing secure and instantaneous transactions without the need for intermediaries.
