iPayYou launches Pay-by-Twitter Bitcoin P2P service

posted almost 6 years ago
iPayYou, the bitcoin wallet, is aiming to bring Bitcoin to the masses by launching its new service on 14.07.2016. 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 from iPayYou. The tweet includes a link to the iPayYou website for the payee to accept the payment. The payment can be deposited as bitcoin or traded in for U.S. dollars, which will be directly deposited into the user’s bank account.

iPayYou’s aim is to simplify the process of paying with bitcoin via its secure and easy to use wallet. The company boasts low transaction fees and claims to be the only wallet that lets users cancel transactions if there are mistakes in the payment process. It also enables customers to send payments through email without the recipient having already created a bitcoin account.
Tags: news, bitcoin