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Piryx is an Austin based social commerce company that offers a payments processing linked to social networking and micro-blogging platforms. Here’s how it works (and see video below). Pyrix has been showcasing its wares at DEMOfall 09 – by running a fundraising campaign for the Jon Bon Jovi Soul Foundation, a non-profit organization working against poverty and homelessness.

Piryx are focusing on developing their social commerce platform with small businesses and donations (charity, political)… They take a 4-5% commission on payments – but the integration with social networking platforms is innovative. It’s be interesting to see how PayPal responds…

In the meantime, we get to post one of the best rock tracks of all time ;-)