Bitcoin wallet provider iPayYou adds ‘Pay-by-Twitter’ feature

Bitcoin wallet provider iPayYou, Inc. has launched a new ‘Pay-by-Twitter’ feature that allows users to make peer-to-peer payments on Twitter.
iPayYou is claimed to be the first bitcoin wallet that enables Twitter’s 310 million monthly users to make peer-to-peer payments over Twitter. Payments are made by simply entering a recipient’s Twitter account name instead of an email of bitcoin.
The advantage of the system is said to be that the exchange can happen without both parties exchanging private information.
Once a payment is sent via iPayYou the recipient receives a tweet letting them know that they have received a payment from iPayYou that includes a link to the iPayYou website for the recipient to accept a payment.
The payment itself can then be deposited in bitcoin into another wallet or traded for dollars which can be deposited directly into the recipient’s bank account.

This post was published at Silicon Angle on Jul 14, 2016.