Karmacoin today announced a new service that will allow anyone on Twitter, the popular social networking website, to send tips to other users.
The service allows Twitter users to seamlessly gift Karmacoin, a digital currency which has grown in popularity since its launch in February, by typing a simple command into their Twitter boxes.
"This is only the beginning of a future where online tipping is more fully integrated into the social experience. It can lead to more engagement and a higher level of quality content for everyone," said Tony Sorel, Director of Karmacoin.
With this new service, Karmacoin will tap into its core technology, Karma Rewards, to deliver Karmacoin-branded rewards to users across the internet.
"Our technology being used on one of the internet's biggest platforms is a substantial step forward in our effort for Karma Rewards to become synonymous with both online and offline reward programs," said Mr. Sorel. "We will soon be announcing a pilot program for SMEs, retail shops, and schools to take advantage of these reward mechanisms using their own platforms."
The announcement follows closely on the heels of Karmacoin's "Shout for a Cause" campaign, which raised nearly $2,500 in tips in 24 hours for an organization in Kenya that provides 400 orphan children with food and education.
"With this new method of performing online micro-transactions, we hope that Karmacoin will take the lead not only with rewarding people via tips but also as a way to pay for micro-content and make micro-donations," said Tony Sorel.
Karmacoin Key Features
- Secure and anonymous transfers
- Funds transacted in seconds and automatically verified in minutes
- Every transaction is recorded on a publicly-accessible ledger
- Credit card-like chargebacks are not possible, protecting merchants and charities
- Transaction costs for transfers essentially free
- Ability to transfer digital wallet to paper