In Davos, Bill Gates revealed that Microsoft is developing a micropayments system for the very smallest of purchases.

This is certainly not a new notion to me.

In fact, in a thread in The Hive last Novenber, I postulated, without the benefit of hard data, that Microsoft was developing such a system, and that it would be one of the stealth features of the just-released Zune ecosystem.

The new system will remove most of the current barriers to micropayments, namely the existing, almost-unfair fee structure.

Edited: Robert McLaws has a post on this here.

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