The latest IOTA news involves a new use case for IOTA microtransaction in a digitized version of the media industry.

Online media’s revenue problem

Numerous media companies have suffered greatly ever since the media industry experienced digitization. This has been especially troubling for print media firms since they were forced to change their ways and move their market online. While a lot of these companies managed to find a way to exist on the internet and still make revenue, many of them did not.

The issue arose when they started losing profit due to the lack of interest in print, which was enough for a lot of these companies to eventually go under. Others have tried to force a subscription model, which included a monthly fee. Their consumers were expected to pay a certain amount each month for free access to their website and published news.

However, this also did not help change matters for the better, since not that many people were willing to pay. This had made a subscription model dead before it even started, and the companies were left without options. However, thanks to the rise of cryptocurrencies, this might change soon.

IOTA news brings a new use case

Cryptocurrencies and blockchain technology have become known as a force of change, especially because of their efforts to solve numerous problems that were previously seen as unsolvable. Now, thanks to IOTA (MIOTA), the issue that media firms have been struggling with might finally be settled.

Cryptocurrencies, IOTA included, have brought a unique method of dealing with this issue, which is a new form of payment that everyone seems to be satisfied with — microtransactions.

Read the Full Article

This post was originally published on The IOTA-News Community curates, examines, and summarizes news from external services while producing its own original material. Copyrights from external sources will be credited as they pertain to their corresponding owners. The purpose is to make use of 3rd party content or pictures as either allusion or promotional endorsement of mentioned sites. If you have a claim of copyright infringement with respect to material, please mail to support[at] is a community run website and is NOT affiliated with the IOTA Foundation in any way.

Get the latest Bitcoin News on The Bitcoin News
Our Social Networks:
Facebook Instagram Pinterest Reddit Telegram Twitter Youtube