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PayPal - you have competition?

 
 
By: Bob. Y, Sept 3, 2012
 
PaidThx, claim its developers, is similar to Online banking tools with one major difference: it lets you send & receive money with any of your contacts, no matter where they bank. Whether it's on your Smartphone, computer or favorite Social Media Site, PaidThx gives you the power to exchange money in the moment.
 
PaidThx utilizes the latest in mobile & Online security protocols to ensure your data, personal information & transactions stay safe. It uses proprietary verification algorithms constantly analyze each part of the network to ensure your transactions are completed quickly & successfully.
 
The Startup is still in alpha, which means if you are interested in using it, you have to key in your email address to get an invite. 
 
PaidThx is based in Richmond, Virginia, US, & its founder is serial entrepreneur Thomas Eide.