Just launching is a new Twitter based bitcoin tipping platform called TipperCoin. Similar to the popular bitcointip for on Reddit, TipperCoin allows Twitter users to send each other bitcoin tips. The product is based on users funding tip accounts based on a wallet that is automatically generated when you authorize TipperCoin to connect with your Twitter handle. Once activated, a minimum of 0.0002 BTC is required to start tipping.
Tipping is done by simply writing a message on Twitter like this “@recipient, great tweet 0.001 BTC @tippercoin” . The TipperCoin bot than recognizes the tweet and will send 0.001 BTC to the @recipient. If the recipient doesn’t have a TipperCoin account, it creates one for them which they have 21 days to activate and receive the tip. Otherwise, the tip is refunded back to the sender.
In addition to writing bitcoin denominations, users can also elect to tip in dollar denominations or a beer (valued at $4) with the tip converted to BTC. Tips though are limited by a minimum size of 0.0001 BTC (On Reddit, feedback favored a move to replace BTC with mBTC).
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The emergence of TipperCoin isn’t a first for Twitter based payments, as other account based products such as Swipe, Ribbon, and Twym exist (and Starbucks recently introduced ‘tweet-a-coffee’). What TipperCoin brings is a bitcoin based version (ie – no 2.9% fees) of spreading payments through Twitter which could ultimately could lead to a Twitter based bitcoin payment merchant solution.
(Shameless plug: Looking to try it out, I am currently accepting tips on Twitter @RonFinberg)