One of the most amazing things that Blockchain technology enables is frictionless payments. With just a few clicks and almost no hassle, you can send any amount of money to someone (or something) else to pay for a product or service with very low fees and no intermediaries.
When talking about payments, Blockchain technology allows us to do things that would be extremely expensive, difficult to implement or outright impossible to do with “traditional” means.
For example, renting a movie for a few minutes and getting a refund on the minutes you had paid but didn’t use is extremely difficult, if not impossible to implement with credit card payments.
What if you wanted to rent a rather inexpensive item for a few minutes? With Paypal or a credit card the commissions imposed by the networks would cost you more than the rental itself.
I’ve put together a simple contract that other smart contract developers can use to make their own contracts rentable.
Here’s the code and detailed instructions on how to implement it and use it: https://github.com/pabloruiz55/Rentable
A few key features of the contract:
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