According to Mass High Tech, Waltham, MA-based Peppercoin will provide Wurld Media with it's microtransaction software, enabling Wurld Media to legally sell digital content through its Peer Impact P2P Network.
Using Peppercoin’s software will allow Wurld Media to accept credit and debit cards for small payments, such as individual media downloads. No financial details of the deal were disclosed.
According to New York-based Wurld Media, its Peer Impact is the first P2P network in the world to sign agreements with the four major record labels. Peer Impact’s business model is different from other paid music P2P services in that it allows consumers to earn money back by legally sharing their authorized music content with others.
Last month Peppercoin signed a similar deal to supply the micro-payment software behind Mashboxx, what is described as the official P2P service of the music industry.
Privately held Peppercoin has raised just under $6 million in funding through 2 rounds since it was launched in 2003 by MIT professors Silvio Micalo and Ronald Rivest, the “R” in RSA Security.