14 DAY TRIAL // Kim Dotcom's Bitcache bitcoin payment service is closer than we think. The Internet mogul released a video preview revealing how the built-in Bitcoin payments work.
The sneak peek was shared by Dotcom over Twitter this past weekend, highlighting the encrypted anonymous content delivery service. According to him, Bitcache will help developers and publishers receive payments to a Bitcache bitcoin address for uploading content onto the Internet, including on Megaupload 2.0, which Dotcom also plans to bring back to life.
Dotcom wants the product to be a "trusted global distribution of digital goods," while Bitcache will serve as the payment engine for content shared online. He explained that you could create a payment for any content that you put on the Internet, either via Megaupload or any other file-hosting service or even on a streaming site.
The video reveals a simple and clean interface where people can enter the price for downloading or streaming their content, as well as the preferred currency. The equivalent of the price in Bitcoin is revealed before users are asked to supply their wallet details for receiving payments.
Bitcache & Megaupload 2: A first look at encrypted anonymous content delivery with build-in Bitcoin payments. Private. Easy. Safe. Tidy. pic.twitter.com/QHjU5pisGe — Kim Dotcom (@KimDotcom) April 3, 2017
Easy to use
The interface also shows that you can create wallets with Bitcache, but what is slightly unclear is whether the service will also come with support for other Bitcoin wallets.
This type of service is rather cool because it allows people to put a price on their own work, be it just a few pennies or a hundred bucks. The service will originally support files and video streaming.
Dotcom has also said that Bitcache will use off-chain micropayments to avoid congestion delays on the bitcoin blockchain.
Kim's plans regarding the resurrection of Megaupload were revealed about a year ago. In October, a fundraiser was held for Megaupload 2 and Bitcache, which managed to gather over $1 million. The launch was supposed to happen in January 2017, but there were some issues with a planned merger with a Canadian company. While delays are always annoying, it seems that Dotcom's new services will finally see the light of day soon.