Twitter charity a fistful of Twollars

May 28, 2009 By Michelle Ye Hee Lee

You don't have to be a Twillionaire to donate to a charity in the Twittersphere.

The latest version of Twollars, or "the currency of appreciation," launched Friday with a basic concept _ using virtual currency to generate "real" donations for charities.

Here's how it works:

Every user starts with 50 free Twollars, which can be tweeted as virtual donations to charities or as gestures of appreciation to individuals (10 Twollars to @username for your help!). Businesses and individuals can buy additional Twollars from charities at the rate of 10 Twollars for $1 U.S.

The monetary donation goes directly into the charity's account, with no transaction fees deducted. To prevent individuals from profiting, Twollars can be purchased from organizations only.

Co-founder Eiso Kant, an 18-year-old advertising consultant and Internet entrepreneur from Spain, has run online businesses since he was 14.

Kant said Twollars (twollars.com) aims to capture the "positive energy" among Twitter users, who share tips and links through , and channel it toward raising awareness for a cause.

Kant and telcom analyst Mac Taylor, 53, launched Twollars in January as a marketing experiment, and it's grown quickly since. There are now 24 charity groups registered to receive Twollars, and French, Spanish and German versions of Twollars are planned.

Which raises the question: Does the global economy qualify as a charitable organization?

___

(c) 2009, Chicago Tribune.
Visit the Chicago Tribune on the Internet at www.chicagotribune.com/
Distributed by McClatchy-Tribune Information Services.

Explore further: Charities changed by technology

Related Stories

Charities changed by technology

August 16, 2005

The Internet has transformed the way people shop for cars, pick the right stock options and choose the movie they want to see on the weekend -- and now it can be used to help them shop for the right charity. At the same time, ...

Recommended for you

Inferring urban travel patterns from cellphone data

August 29, 2016

In making decisions about infrastructure development and resource allocation, city planners rely on models of how people move through their cities, on foot, in cars, and on public transportation. Those models are largely ...

How machine learning can help with voice disorders

August 29, 2016

There's no human instinct more basic than speech, and yet, for many people, talking can be taxing. 1 in 14 working-age Americans suffer from voice disorders that are often associated with abnormal vocal behaviors - some of ...

Sponge creates steam using ambient sunlight

August 22, 2016

How do you boil water? Eschewing the traditional kettle and flame, MIT engineers have invented a bubble-wrapped, sponge-like device that soaks up natural sunlight and heats water to boiling temperatures, generating steam ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.