- A leading fintech company Dharma has integrated micropayments on popular social media avenue, Twitter.
- From now, the Twitter users can send and receive money via Dharma’s P2P platform.
- With the exclusive integration, Twitter users can make micropayments as well as tip other users with zero transaction charges.
A leading fintech company Dharma has integrated micropayments on popular social media avenue, Twitter. From now, the Twitter users can send and receive money via Dharma’s P2P platform. Dharma is a fintech platform supported by Coinbase and Ripple that enables USD payments on its platform.
Now micropayments can be done on Twitter with an ease
With the exclusive integration, Twitter users can make micropayments as well as tip other users with zero transaction charges. Exploring its payment features, the funds that are stored in the P2P wallet will also gain an interest rate of approximately 3.6% per annum.
Dharma shared this report in a tweet saying introducing social payments on Twitter financial ecosystem. One can send USD to any Twitter account holder, regardless of the users’ location even if they don’t handle Dharma’s account.
1/ Introducing Social Payments ??? – a Twitter-native financial ecosystem.
Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account.
Now *every* Twitter handle accepts (and earns interest on!) payments. pic.twitter.com/8sZ8MxxYvO
— Dharma (@Dharma_HQ) April 21, 2020
The function of the new payment feature
Moreover, the fintech platform also revealed that it will not restrict any Twitter user from gaining the advantage of this feature. Apart from this, the new payment feature will work in the below-mentioned way.
Firstly, the users need to credit their Dharma Wallet by a certain fund. After doing so the user has to input the receiver authenticate Twitter handle to send the funds.
On the other side, it is very simple to receive funds as when the sender transfers the fund, the receiver will immediately receive a tweet approving the transaction. A link will be displayed with the direction of how to open a Dharma wallet account to obtain the funds.
Dharma is backed by various top crypto and blockchain venture capitalist firms. The platform completed with a $7 million funding round last year February which was headed by the prominent crypto players like Ripple and Coinbase ventures.