Gift Bitcoin to content providers on Twitter with "Tips"
Starting this week, iOS users will be able to tip creators in Bitcoin on Twitter with Android soon to follow.
- Bitcoin tipping will be available on iOS this week
- Android version expected to be released “soon”
- Twitter is working on integrating NFTs into its platform
On Sept. 23, Twitter announced that it would begin implementing a Bitcoin tipping service for iOS users this week. This will also be available to Android users in the near future.
The new “Tips” feature was first put into test mode in May.
tested the Tips feature, turns out people love money— Twitter (@Twitter) September 23, 2021
rolling out on iOS with Android coming soon pic.twitter.com/pkmLHzg6fu
The Lightning Network, a “layer 2” payment mechanism that allows users to establish micropayment channels, is the technology behind it. Twitter has integrated the Strike API so that Bitcoin tipping may be done through Twitter.
On top of that, Twitter will allow its users to authenticate non-fungible tokens, which may lead to wider usage. Given that the social media network has 206 million daily active users, this functionality will let customers have verified NFT avatars. It’s not clear when this functionality will be made available to the public.
The company’s CEO, Jack Dorsey, had previously stated that the firm might look into providing a payment option for bitcoin. It appears that Dorsey’s ambition has now been realized.
For years, Twitter CEO Jack Dorsey has been recognized as one of the most enthusiastic supporters of Bitcoin. He has called Bitcoin “the internet’s native currency.”
The CEO has a single line in his or her profile description that simply reads “#bitcoin.”
In March, he donated his very first tweet to the public in an effort to raise money for charity. He sold it for $2.9 million as an NFT.
The Twitter “Tips” service is set to go live today on iOS devices, with Android versions following soon after.
It is important for customers to note that Twitter will not handle any funds directly, and it will also not take a cut of any purchases completed on the site.
This move by the social media company is just another sign that confirms what most of us have already known all along – that Bitcoin will be widely adopted in the coming days.
This announcement is also good news for crypto enthusiasts who are always excited to see more adoption of their favorite digital currency. This is especially so if it comes from a major social media company like Twitter, which has millions of daily active users.
The cryptocurrency masterminds who are developing the world’s next payments systems, web 3.0, d-apps, and so on will all flock to Twitter.