tidbit, a London, U.K.-based online tipping and micropayments service that utilizes bitcoin, has raised £122,080 ($192,289) for 15.03 percent equity in seed funding through investment platform Seedrs. The funding will be used for marketing, incorporating additional features, and building the network of sites featuring tibdit.
tibdit provides a fast and convenient tipping and donation service, giving users the chance to reward others online with payments between 3p and 75p. tibdit takes only 1.5p per transaction. tibdit facilitates such small payments through the use of bitcoin. The service makes sense for charitable organizations, bloggers and artists looking for ways to generate income online.
Bitcoin Facilitates Small Online Payments
tibdit is able to facilitate such small payments through the use of bitcoin. Users – or “tibbers” – can pay in U.S. dollars, pound sterling, and euros. The recipient of the tips or donations will receive the payment instantaneously in bitcoin. The recipients can then convert the bitcoin back into