Unfortunately this concept appears too complex for some minds.
After almost two years, due to a lack of time, resources and due to the ambitious nature of the project, as well as the bureaucratic/legal and banking issues raised by it, we are still yet to reach our objective.
The news that Facebook may soon be developing “bijective microtransactions” within its network, both concerns and motivates us to go “all out” for this.
We consider microtransactions to be too important to be monopolised, trivialised and monetised by such an influential and controversial operator.
Facebook is dystopia made reality: the promise of the internet as a tool for freedom, self-determination and a “choral discourse” has been transformed into something quite the opposite; the negation of the individual, of excellence and inspiration in favour of a mass marketplace for idle chatter.
Let's also be clear that microtransactions via Facebook will surely follow the paradigm that currently upholds this vehicle of mass chatter: the individual as a number and an advertising target.
The loose change of each user will add up across the network to vast amounts of capital, with all of the evident implications entailed in this case.
Bije: Paying for free
To offer an independent and free online payment platform.
- The removal of commission fees and elimination of costs for transactions both for the buyer and seller. .
- To allow an individual to offer their services/ goods without having to pay to do so.
- To bear the costs of development, expansion and maintenance of the platform through its own activity, freeing it from any dependence on third parties that would infringe on the autonomy of the site.
To foster the increase in microtransactions and therefore of the exchange of goods/ services at low/ ultra-low cost..
- To be a useable payment platform, both on the web and in everyday life, for access to services dependent on the payment of small quantities of money.
- To offer users the necessary tools to activate/ create services requiring payment and/or the sale of professional services.
To increase the level of security for online microtransactions by virtualising and isolating their realm of activity.
The issue of security, as well as that of fees are two of the main barriers in the spread of microtransaction use.
Bije can be seen as a pay-firewall, as it limits the amount of money involved in a transaction and is also free from any connection to credit cards or online accounts.
About Bije and how these objectives will be reached.
A Bije account is principally a virtual wallet in a shared current account.
The Bije wallet is the registration of the quantity of money/credit that each user has in the shared account.
A transaction/ payment takes place via a transfer/ mapping of the credit sum in one Bije account to a second Bije account and as such, it is totally free; the only fees paid are those required by the bank circuit as the money goes in and out of Bije. (Top ups and withdrawals from Bije take place using the common electronic commerce channels).
The condition necessary for this simple mechanism to function is obviously based on the fact that both the seller and the buyer must have a Bije account.
The amount of money at risk in the case of any possible IT fraud would only be the amount loaded into the user's Bije account/wallet (or the quantities received from other Bije accounts). The users' bank account or credit card details are in no way exposed in any single transaction.
The money in each account is guaranteed by the structure of the platform; every transaction and its history will always be consistent, reproducible and verifiable and is subject to the legal, fiscal and banking guarantees offered by the bank hosting the shared account, as well as the staute and structure of the Bije association, the holder of the shared account.
This goal can only be achieved via independent and free tools.
The freedom of the Bije platform is based primarily on the self-financing element of the project: in the start-up phase it is wholly financed by the association of the same name.
The cost-free aspect of Bije will be sustained by the interest matured on the funds held in the shared account, by advertising income, donations and the establishment of sponsorships and the future business connected to the project.
All of these sources of income will be used exclusively to finance the platform, its infrastructures and all of the activities required to develop and expand the project, as well as to pay the salaries of the workers involved in driving the initiative forward.
The general goal of Bije is to create a free microtransaction management tool, the creation of a self-sustainable and resilient structure that will make this ambition possible.