iPayYou Allows Users to Send Bitcoin via Twitter

 

iPayYou becomes the first full-service wallet that enables peer-to-peer payments over the Twitter social media network. Users can send payments via email without the recipient having a pre-created bitcoin account. 

 The first step was to enable customers to use an email address as the primary way to send payments to one another, while still supporting all traditional bitcoin payment mechanisms, Kavner said. “Now, adding the ability to pay someone by simply knowing their Twitter handle is another step for iPayYou to expand on its ease of use.” 

 Once payment has been sent, a Tweet notifies the recipient they have received a payment over iPayYou. The Tweet links to the iPayYou website for the recipient to accept the payment. The recipient can hold the bitcoin in their iPayYou wallet, send it as payment to another peer, or sell their bitcoin for U.S. dollars, which would be deposited in their bank account. 

 To access their bitcoin, Twitter recipients need to open an iPayYou account, Kavner said. This is a simple process requiring verification of their Twitter credentials and providing their mobile contact for additional security. 

 iPayYou’s mission is to offer easy ways to pay with bitcoin for everyday use. Twitter is one of the most popular social media networks. 

 In addition, Twitter allows payments to be made without the recipient needing to provide private information to the payer, such as their address, bank account numbers, etc. “This level of private payments is another iPayYou innovation that brings world-wide commerce to the 21st century,” Kavner said. 

 In launching Pay-by-Twitter, iPayYou has included the Twitter handles of the three presumptive U.S. presidential nominees on their website. Users will be able to support their favorite candidate via the Pay-by-Twitter feature. 

 Bitcoin advocate Roger Ver, an iPayYou investor, said iPayYou is one of the most exciting new bitcoin companies directed at consumers. He said it is an example of how iPayYou is promoting the mass adoption of bitcoin.