Michael Ivey has an idea that transferring money and paying people should be as easy as sending a twitter message on your iPhone. Many people get direct deposit or a check handed to them from their employer, but Michael's solution sees the future of how money can be transferred, and valuable resources could be saved in the process.
With Twitpay, Michael has linked his PayPal account to his twitter account, and today the service has almost 15,000 users.
"Moving money, once a function managed only by the biggest companies in the world, is now a feature available to any code jockey".
Nowadays, phone users can transfer money from one to another using nothing more than a PIN.
PayPal's release of it's design code has allowed for alternate ways of scanning for the lowest price items, like Japan's ShopSavvy program, which allows people to find the lowest price for an item online just by scanning its barcode.
PayPal is left with the regulatory and risk-management issues, while engineers can build applications.
"Your wallet may never be the same"
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