Bitcoin may be a preferred method of payment for a slew of tech-savvy people, but it has yet to take off with the masses, or even micro-masses. iPayYou, the bitcoin wallet, is aiming to change that with a new service launched today (July 14).
Dubbed Pay-by-Twitter, iPayYou is the first bitcoin wallet that enables Twitter’s 310 million monthly active users to make peer-to-peer payments over Twitter. With this new service, iPay wallet users can send a payment by simply entering the recipient’s Twitter handle instead of an email or bitcoin address. That means a payment exchange can happen without both parties exchanging private information. According to the company, it marks the first time a service like this is being offered by a full-service wallet.
With the service, once the payment is sent via iPayYou, a tweet is sent letting the payee know they have received a payment