Microtransactions company Money Button has unveiled the Invisible Money Button solution to make it easier for businesses using the platform to fully embed the payments into their website or app.
The idea behind the new offering is to remove Money Button’s old swipe action to give some applications a better experience with a custom action to create payments or facilitate automatic payments. With Invisible Money Button, applications now have the ability to request permission to swipe automatically on behalf of the user.
“As the next generation of internet – metanet – starts to take shape and internet users realise they want their data to be their own again, micropayments become vital,” said Ryan X. Charles, founder and CEO of Money Button. “We are taking less than a cent to post or ‘like’ and for more normal retail purchases, offering extremely low fees for the retailer. This part exists already, but now Money Button can be fully integrated, unlike when using a relatively high fee processor such as PayPal where customers will have to leave the site they are on and log in to their payment processor.
“The swipe-based interface has been carefully designed to have the best user-experience for most use-cases, but it could never be the best user-experience for every use-case. We are happy to announce the immediate availability of Invisible Money Button, a new API for businesses to request permission to swipe on behalf of the user. The button itself never appears on the screen. This makes advanced applications much more user-friendly, such as micropayments in social media, messaging apps, and uploading data to the blockchain. Not only is the user-experience customisable, but payments can even be performed automatically, making entirely new applications possible.”
Money Button also launched a new permissions system that gives full control to the end-user. “People can choose to grant access to applications to spend money and perform other actions such as signatures and encryption on their behalf,” said Charles. “Users always have full control and can grant, manage, and delete permissions at any time. This is an important step forward for the new ‘users own their data’ paradigm for the internet made possible by Bitcoin SV.”
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