Bitcoin startup iPayYou launches ‘Pay-by-Twitter’ service for payments via social network


iPayYou, a Seattle-based bitcoin payment platform, is rolling out a new service that allows anyone with a Twitter account to send and receive Bitcoin payments, without providing any private information.

Gene Photo Suit
Gene Kavner

Anyone using the “Pay-by-Twitter” tool can send bitcoins by entering the recipient’s Twitter handle (rather than an email or bitcoin address).The tweet contains a link to the iPayYou website where the recipient can accept the payment and deposit it as a bitcoin or trade it in for U.S. dollars.

iPayYou hopes Pay-by-Twitter will attract a broader user base for bitcoins. So far, the market for the crypto-currency has been fairly niche.

“Twitter presents a unique opportunity for iPayYou customers,” said CEO Gene Kavner. “Hundreds of millions of customers already use and know Twitter very well; they’re familiar with the process of logging into Twitter and interacting with their favorite content publishers. At the same time, Twitter is also unique because it is a massive social network that allows any user to hide their personally-identifiable information from other users.”

Read more ... source: TheBitcoinNews