Friday, October 9, 2009
Wither Twitter Pay?
We all know, well at least those 5% of the population able to take care of themselves as Governator opines http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x317064, Twitter makes you stupid http://www.psychologytoday.com/blog/the-playing-field/200905/how-twitter-makes-you-stupid Not only that, but PG has noticed the massive popularity of Twitter has dramatically reduced the number, scope and amount of blogs, blog posts and all things blogging. This is a good thing. Most of those who used to blog about all and any thing mundane, trivial or specifically captivating to their own lives are now Twittering.
Famous Twits like Peter and Jordon, or Ashton and Demi now no longer have to blog from their PC with their agents - they can now Twit away anywhere and about anything via their mobile (this is Bruce's boat by the way ... believe it - he always seems to be straining himself with some macho man physical exertions while Ashton seems chill contented and totally relaxed, wonder why??? ;) Truly HOLLYWEIRD!).
PG for one would love it if Oprah herself and her Cult would move exclusively from TV to Twitter. Only true visionary experts should blog, like PG. The rest should Twitter. So what does Twitter have to do with payments? That is the point of this post. Twitter could have the worlds largest mobile commerce infrastructure within days All it needs is X.Y.Z. Farber is onto something here http://news.cnet.com/8301-13953_3-9946150-80.html But Twitter itself does not seem to realize the enormous potential it has to become the largest micropayment network on EARTH. All it needs are 3 things;
1. A virtual currency (let's call them TWIT's shall we?)
2. A virtual currency exchange system (where the users can trade, cash in, exchange or convert) Twitter's virtual currency; and
3. A mobile payment application to do this via secure text sms.
VOILA! Now why has some smart Twitter/Hi5/MySpace/Facebook/Payment application provider not done this yet? Why has OBOPAY not partnered with Twitter ? Or why has Twitter not copied OBOPAY?
PG: PS TWITTERPAY.COM is already take by a shrewd Dutch guy who may or may not have Twitter Micropayment Platform plans or who may or may not be just a good domain hunter and squatter http://who.godaddy.com/WhoIs.aspx?domain=twitterpay.com&prog_id=godaddy
Johannes Verhulstraat 60
Amsterdam, NH 1053HJ
Domain Name: TWITTERPAY.COM
Created on: 02-JUL-08
Expires on: 02-JUL-10
Last Updated on: 02-JUL-08