Tipit provides payments on Twitter

After my blog entry about Germany losing Euro 2008 due to Twitter,  Techcrunch are reporting a new service, Tipit, that allows you to make payments with Twitter.  It actually doesn't though ... it just sends you a message to send the money you promised via PayPal. 

Even so, money via social apps are growing rapidly.  For example, at the turn of the year Facebook was reporting developing Payments Applications and, guess what? 

There are now quite a few, with the most popular being Spare Change.

Spare Change has almost 5,000 daily users today, and describes itself as: "the first integrated payments application on Facebook. Put a little money in your Spare Change account. Spend it on your favorite applications all over Facebook."

Interesting.