Pygg, which enables one-to-one payments and bill splitting via Twitter, has launched.
This is a collaboration between Australian start-up company, Pollenizer, and founding investors Rohan Lund and Tim Howard. Users can transfer money (currently only Australian dollars) instantly to Twitter friends and top up their Pygg accounts by PayPal or credit card.
The aim is to quickly move beyond Twitter, with Pygg for email, Facebook and other social applications coming soon. Howard comments: "We live in an increasingly cashless community and yet cash remains the dominant way to settle transactions between friends and family, preferred to existing cumbersome electronic alternatives. Disruption will come by simplifying transactions and providing a network for managing money in a social context."
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