By: Geeq  on Sep 15, 2022

The next step was to show Geeq could scale to settle micropayments on-chain. Micropayments have always been a core use case for Geeq’s high-volume, low-margin, multi-chain infrastructure, built with bearer token technology from the second patent application.

The goal was to provide the digital equivalent of small change. A parent could fund a child’s purse by converting Geeq into discrete nickels and dimes. These tokens remained denominated in Geeq but, once issued, could be spent by anyone. Each token was an all-or-nothing payment—simple technology for simple applications.

Using a simple web wallet in the Chrome browser, Geeq released a version of Geeq Pay for the community to see Geeq’s technology in action to process micropayments. The process

The community could simulate using $Geeq (by using a pre-loaded wallet of pretend tokens) to fund and spend micropayments, mediated by transactions to a Geeq chain. Each micro-coin account, adjustment in the current ledger account and wallet, and payments can be viewed simultaneously from a technical standpoint and the user experience of a purchaser or a merchant with a receiving account and dashboard.

There is a wealth of material about Geeq’s micropayments use cases on geeq.io, including the micro-value chain, microdonations, and remittances.