BitPay Launches Facebook App for Bitcoin Sharing

bitpay get bits bitcoin news

bitpay get bits bitcoin news

Georgia-based bitcoin merchant processing specialist BitPay has announced a new tool aimed at spreading bitcoin adoption through popular social network Facebook. Called Get Bits, the Facebook application allows users an easy way to trade bitcoin in-person by helping to arrange meetings between friends on the network.

Notably, Get Bits does not allow users to transact through the app. Rather, it serves as a way for independent buyers and sellers to connect via a commonly used platform.

BitPay framed the launch as one that sought to use the power of social networking to boost bitcoin, while leveraging Facebook’s utility as a social login to preserve security in the process.

The company said:

“Because bitcoin is one of the only forms of payment which cannot be fraudulently reversed, selling bitcoin usually requires some level of trust in the buyer. To deal with this, Get Bits currently leverages the world’s largest ‘web of trust’, Facebook.”

Users can sign into Facebook to view a list of friends that are using the program. From there, Get Bits allows users to gift and trade bitcoin or invite others to the program.

BitPay further advised that users should exercise caution during in-person exchanges, adding:

“If a friend is interested in buying a significant amount of bitcoin from you, please consider exchanging in a physically secure environment.”

BitPay Launches Facebook App for Bitcoin Sharing

Related articles

Polish Hospital Medicover Let Patients Pay Bills With Bitcoin

A private hospital in Warsaw, Poland, whiсh iѕ run bу thе Medicover Group, will ѕооn lеt patients pay thеir bills in bitcoin. A bitcoin ATM planned tо bе launched аt thе facility in thе nеаr future ѕhоuld make thаt process еvеn easier. Whilе a number оf clinics аnd doctors аrоund thе world hаvе bееn accepting […]

Vietnam State TV Report Highlights Curiosity Abоut Bitcoin

Dеѕрitе repeated statements frоm central bank representatives thаt bitcoin remains illegal in Vietnam, thе country hаѕ a flourishing bitcoin ecosystem including exchanges, miners, аnd a fеw merchants. Nоw оnе оf Vietnam’s state-owned TV networks, VTV1, hаѕ broadcast аn informative report оn bitcoin аnd interviewed ѕоmе оf itѕ mаin mаin local identities. In thе report, thе […]

Leave a Reply

Your email address will not be published. Required fields are marked *

*