The chief scientist of blockchain firm nChain, Craig Wright, has indicated that Bitcoin could one day emerge as a major means of making automated payments for subscription services, similar to Patreon.

Asked by YouTuber ‘Philosophie Workout’ whether it would be possible to pay for subscription services such as Patreon on a regular basis, Wright answered in the affirmative. According to Wright this would require the use of smart contracts. Wright said:

What we need are people creating new apps, new smart contracts, new formats…

nChain’s chief scientist then added that with pre-signed transactions on Bitcoin it is possible for subscribers to automate the payments they need to make to subscription services allowing content creators to benefit from the work.

Previous articleViolation of immutability while purging of private data from fabric ledger?
Next articlePR: XRP Is Now Available on EO.Finance