PayPal To Launch Micropayments Product At Developer Conference

Good news for people who do not want to have to use credit cards.

Amplify’d from techcrunch.com

In order to best understand how big this feature could be, it’s important to know what PayPal includes in its definition of “digital goods.” According to the company, the new product will include specialized payment support for micropayments for online video, music, games (including the sale of virtual goods and currencies), paid content, books and software.

We’re told that PayPal wants to replicate the act of putting another quarter in a gaming machine to continue to play a game, except in an online equivalent. The company wants to lower the friction point of leaving things, whether that be within a game, while reading content, or watching videos.

Read more at techcrunch.com

 

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We see the problem of the unserved middle…

Amplify’d from www.kk.org

…most clearly in communication media. Say you wanted to talk to 10,000 people once a day. Unless you wanted to speak to a group bounded by geography–a small town, or a subset of a small city–you’d be stymied. You can broadcast to a million unknowns hoping you happen to catch some of the 10,000 you want, or you can slowly collect the names of individuals who contact you, one by one, and transmit to them directly. Neither way is elegant. Retailers call this the “hard middle,” because it is so hard to service a group of 10,000 customers who share a common interest but not a common geography. Retailers crave the middle because they have learned that you can’t appeal to folks with a simple naked exchange of money. You need other essentials of marketplaces–conversations, loitering, flirting, people-watching. Before you can have commerce, you need a community, a middle number of interacting people.

Read more at www.kk.org

 

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Twitter updates search engine

Maybe this could explain the odd behavior of some Twitterfountains displaying only English-text tweets. Then again, maybe not.

Amplify’d from thenextweb.com

Twitter has finally left the old Summize architecture out to dry (it started working on the new architecture 6 months ago), and instead has built the new search on the open source Lucene platform, with some of its own enhancements that lead to:

  • significantly improved garbage collection performance
  • lock-free data structures and algorithms
  • posting lists, that are traversable in reverse order
  • efficient early query termination

Read more at thenextweb.com

 

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