Jose Pagliery writes about technology for CNNMoney. He has covered the growth of bitcoin, penning dozens of articles on digital currency, writing for the Atlanta Journal-Constitution, the Daily Business Review and the Miami Herald. He is also the author of 'Bitcoin and the Future of Money'. In this excerpt from the book, Pagliery looks at the advantages and use cases of micropayments.

The first major newspaper to venture into uncharted terri­tory was the Chicago Sun-Times, which erected a bitcoin pay­wall in April 2014. A careful look at the company’s decision shows that the paper is merely dipping its toes into the water. For instance, the Sun-Times partnered with the bitcoin transac­tion processer Coinbase, allowing the newspaper to vastly min­imize its risk of exposure to volatile bitcoins because it never has to actually hold them.

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