iPayYou Enables Bitcoin Transactions Over Twitter

Bitcoin has emerged as an effective payment method for numerous applications and platforms. As a matter of fact, bitcoin payments are supposed to be much more lucrative and worthwhile. The best part about bitcoin transactions is their anonymity, transparency and decentralized nature. Unlike many other payment modes, there is no central system governing the bitcoin transactions. Instead, the bitcoin transactions are approved by a group of miners without revealing the identity of the users. Besides, while the normal transactions take several minutes or even hours to process, bitcoin transactions are processed in a matter of seconds. This and many other incredible aspects of bitcoin makes it need of the hour. People are starting to understand the prominence of bitcoin and that’s why many startups are taking keen interest in bitcoin transactions.

A Seattle-based bitcoin wallet service provider, iPayYou has recently revealed its Pay-by-Twitter functionality. As the name suggests, this unique and exciting feature will enable the wallet users to make Peer-to-Peer transactions over the acclaimed social media website, Twitter.

iPayYou Did It Again!

It’s been roughly a few months since the iPayYou’s Bitcoin Wallet was launched and it’s making the headlines again. The iPayYou wallet was highly appreciated for its user-friendly interface and an exceptional feature to cancel the ongoing transactions before they are confirmed. And now it has come up with another stupefying feature which extends the present capabilities of the wallet by enabling Pay-by-Twitter functionality. As a matter of fact, the iPayYou wallet initially offered Pay-by-email feature to the its users which allowed them to send a particular BTC amount directly through email. But it turns out that was just an indication of what was coming.

For all one knows, the Pay-by-Twitter feature is supposed to be much more safe and reliable for it doesn’t access the private information of the users. Plus, one can afford losing a social media account but once a private wallet account is hacked, there’s nothing you can do to absolve the losses.  

Pay-by-Twitter: How It Works?

Pay-by-Twitter is in fact very easy to use and the best part it, it doesn’t require any private information. In order to send bitcoins via twitter, All you need to provide is a Twitter Handle of the receiving party and you’re good to go. Once the BTC amount is sent by the user, iPayYou instantly Tweets the receiver regarding this and provides him/her the link to receive the sent BTC amount.

Pay-by-Twitter is a firm endeavor of iPayYou to escalate the use of bitcoins in present financial scenario by making it a part of everyday life. There’s no doubt that integration of bitcoin with social media is going to revitalize it, giving it a much needed thrust.