That's a tiny amount of money. Or are you going to listen to a million songs for £1? It's still reasonable to batch a few hundred listens for a small transaction every month.
I guess I'm more wondering what possible value such a tiny micropayment could be. There's no conceivable business that would charge in such small increments. Even an average ad impression is more than a penny.
In fact, things are heading the other way, with "micro"-transactions in mainstream games sometimes exceeding the price of the game itself.
It costs multiple dollars to make a BTC transaction... Even in a perfect world we are not going to be able to make it free if we still expect the infrastructure to be independently run.