Twitter Enables Bitcoin Tipping Service For Its Users

HIGHLIGHTS

  • Twitter users can now tip their favourite creators on the social network using bitcoin.
  • On Thursday, the company announced that its Tips feature will be available to all Apple iOS users this week and will be available to Android users in the coming weeks.
  • The addition of bitcoin to Twitter’s tip feature is not surprising given that CEO Jack Dorsey is a vocal supporter of the cryptocurrency.

Twitter said on Thursday that users will soon be able to tip their favourite creators on the social media platform using bitcoin.

In May, the firm launched tipping as a test feature to see if it could let creators earn money from their followers for the material they produce on Twitter.

The business stated on Thursday that its Tips feature will be accessible to all Apple iOS users this week, with Android users following suit in the coming weeks.

Users could previously tip with fiat currency using more traditional payment methods like Square‘s Cash and PayPal’s Venmo.

Here’s the video tutorial posted by Twitter itself for money transfer on Devices.

The Strike bitcoin lighting wallet service will be integrated with Twitter so that creators can earn bitcoin tips.

Users will also be able to add their bitcoin addresses in order to send and receive Bitcoin tips. Any money sent using Twitter’s Tips feature is not subject to a fee.

Twitter separately tweeted an image illustrating “how to send and receive money through link address”.

The addition of bitcoin to Twitter’s tip feature is unsurprising, given that CEO Jack Dorsey is one of the cryptocurrency’s most outspoken proponents.

Dorsey has tweeted in the last few months that he is dabbling with bitcoin mining. He has stated that he believes there is nothing more important to work on than bitcoin, and that he believes bitcoin will bring world peace.

Twitter also said on Thursday that it is testing a feature that will allow users to authenticate and display their collections of NFT digital goods on the social media platform.

The company did not disclose much information or specifications about the blockchain project, but stated that it is another option to promote digital art artists.

CREATOR FUND FOR USERS

In addition to blockchain, Twitter has announced that it would introduce a creator fund for users who host Spaces audio rooms in order to encourage more live audio events.

Last year, the business introduced Spaces, an audio-only virtual space where users may hear and speak with others.

The business expects that the new fund would encourage more people to utilise Twitter to stage live audio events.

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IMAGE CREDITS: Cryptocompare.com