January 29, 2014, 2:16 PM Twitter is reportedly working on an e-commerce project powered by Stripe, a company that acts behind the scenes to process payments for sharing-economy startups such as Lyft, Postmates, and Sidecar. What that social-shopping initiative will look like is still unclear, but this isn’t the first time Twitter or other social networks have set their sights on retail.
Stripe is also one of the partners in an e-commerce test that Facebook started late last year. Facebook users can store their credit card information with the network, and it then employs that information to fill in payment fields automatically when users enter their Facebook login on partnering retailers’ apps. For instance, you can use your Facebook login to sign in to men’s retail site JackThreads, and Facebook will populate the empty fields with your information when you go to make a purchase.