Bitcoin wallet lets users pay via Twitter as cloud storage provider ditches Paypal feature

One bitcoin wallet is looking beyond emails and bitcoin addresses for peer-to-peer transactions.

iPayYou recently rolled out its “Pay-by-Twitter” feature, a first-of-its-kind tool that allows users to send bitcoin using the receiver’s handle on the popular microblogging platform. The recipient can opt to hold the bitcoins in his or her iPayYou account, or send the bitcoins to someone else, or trade the digital currency for dollars that will be deposited into their bank account.

“Twitter is one of the most widely used social media networks worldwide and despite the speed of technological innovation in the 21st century, no other full-service bitcoin wallet offered this feature until now,” iPayYou founder Gene Kavner, a former Amazon executive, said in a statement.

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