Glossary - ChicksX

Microtransaction is a small financial transaction often used for digital goods or services. (9 words)

Microtransaction is a small, often inexpensive, financial transaction. It typically involves purchasing digital goods or services like in-game items, premium features, or virtual currency. These transactions are common in online games and apps, incentivizing users to make frequent, low-cost purchases. In the crypto/fiat exchange space, microtransactions enable seamless and quick trade of small amounts of cryptocurrency. They play a crucial role in monetizing digital platforms and enhancing user engagement. Despite their small size, microtransactions can aggregate to significant revenue over time, making them a vital component of digital economies.