Tweet Virtual Dollars With Twitpay

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The Twitter nation has wasted no time in the evolution of its online community. With the advent of Twitpay.me, it now has an economy. So it should be any day now that the first tweet mugging happens.

Twitpay, a Twitter companion site spawned from a melding of the minds at Atlanta Startup Weekend 2, allows users to send payment of up to $50 to other Twitter denizens. Once you’ve directed virtual cash from your PayPal account to Twitpay, all you do is tweet something like this: “@Scommerce twitpay $50 for sweet articles” – and whammy – fund are exchanged. The start-up takes a nickel from every 99-cent transaction.

Imagine conducting virtual fundraisers all via Twitter. Or rewarding someone’s witty update with a 50-cent pittance. Once you make your payment, you have 30 minutes to stew it over before you’re locked in. And Twitpay documents all your payments for you.

Twitter is proud of its growing ecosystem, and this free social messaging utility has the potential to further cultivate the fertile fields of online collaboration. Now let’s see how long it is before Facebook copies the functionality…

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4 Comments
  1. Darla

    December 1, 2008 at 4:38 pm

    Call me dumb but is this turned into real money it sounds like? I guess having not seen it I am confused. THANKS

  2. Mike Ward

    December 1, 2008 at 5:09 pm

    Yes, Twitpay transactions are back by legal tender in the same way that PayPal and other third-parties handle these situations. But these transactions are capped off at $50 apiece.

    Thanks,
    Mike Ward

  3. Darla

    December 1, 2008 at 9:38 pm

    Call me dumb but is this turned into real money it sounds like? I guess having not seen it I am confused. THANKS

  4. Mike Ward

    December 1, 2008 at 10:09 pm

    Yes, Twitpay transactions are back by legal tender in the same way that PayPal and other third-parties handle these situations. But these transactions are capped off at $50 apiece.

    Thanks,
    Mike Ward

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