Removing these barriers to revenue generation allows for the creation of new online business models that were not possible before. With no upfront or fixed monthly fees, artists, bands, and authors can register with BitPass and immediately begin selling their music, documents, and video content directly from their respective web sites. The BitPass system also revenue-enables businesses selling web-based services such as distance learning, classified ads, and proprietary searches for unique content. In addition to payment processing and access control, the BitPass system allows content providers to control pricing and to create time- and usage-based access parameters for items, whether sold individually or in bundles. BitPass earners can begin selling their content in as little as 30 minutes using a self-provisioning, no-charge setup process. During the five-month beta program, BitPass received thousands of requests to use the BitPass system for selling online content. Addressing this pent-up demand is the first priority for the company. With general availability, the company anticipates rapid growth in the number of businesses and sites selling with BitPass, creating a virtually unlimited range of previously unavailable low-cost content and services. These new offerings are expected to rapidly expand the number of buyers willing to complete the one-time, one-minute setup for purchasing BitPass-enabled content with a single-click. Currently serving customers in over one hundred countries, BitPass expects to process in excess of one million transactions by the end of its first full year of operation.
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