SYS-CON MEDIA Authors: Liz McMillan, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

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Bitcoin Alternative Karmacoin Announces Peer-to-Peer (P2P) Tips and Rewards via Twitter

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

About Karmacoin

Founded in 2014, Karmacoin is a P2P digital currency, like Bitcoin. Its system is designed to be used as an incentive and reward mechanism for people, companies, and schools. The Karmacoin mission is to make it easy to send any amount of money to friends, family, co-workers, neighbors, students, employees, charities, and others over the Karmacoin network securely and reliably.

For further information, visit the Karmacoin website at www.karmacoin.me

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