After my blog entry about Germany losing Euro 2008 due to Twitter, Techcrunch are reporting a new service, Tipit, that allows you to make payments with Twitter. It actually doesn't though ... it just sends you a message to send the money you promised via PayPal.
Even so, money via social apps are growing rapidly. For example, at the turn of the year Facebook was reporting developing Payments Applications and, guess what?
There are now quite a few, with the most popular being Spare Change.
Spare Change has almost 5,000 daily users today, and describes itself as: "the first integrated
payments application on Facebook. Put a little money in your Spare Change
account. Spend it on your favorite applications all over Facebook."
Interesting.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
