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Twitter To Enable Cryptocurrency Options To Its Tipping Jar

Twitter, the social media giant, has announced that it will enable cryptocurrency options to its tipping jar, allowing any user to pay through the platform.

It has been reported that Twitter staff product manager Esther Crawford said that the crypto tips feature would be available for all iOS users globally and the platform plans to roll out options for Android in the coming weeks. The crypto option will allow users to link third-party apps, including Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay, and Wealthsimple Cash, depending on their region, to their Twitter bios and individual Tweets to receive funds.

Crawford said:

“We want everyone on Twitter to have access to pathways to get paid. Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible — help us get there.”

However, in addition to the linked services, Twitter tips are available to use through the Bitcoin (BTC) Lightning Network, which sends payment using the Strike app, or by adding a BTC address directly to one’s profile.

Crawford said:

“Twitter takes no cut.”

Thus, Twitter CEO Jack Dorsey had previously hinted that a BTC tipping option was being developed when the social media firm revealed its "Tip Jar" concept was designed to enable platform users to reward content creators with the touch of a button. He has also discussed Square's plans to build a decentralized exchange for Bitcoin.

Source: Cointelegraph




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