Twitter is now offering Bitcoin and Ethereum tipping for content creators

Twitter is now offering Bitcoin and Ethereum tipping for content creators

In May this year, Twitter officials said that they hope to enable users to better support each other in addition to following, forwarding and liking each other, so the platform will introduce the TipJar function - allowing users to send and receive tips to each other.
Now, there is the latest development. Twitter is reportedly preparing to provide Bitcoin tips for content creators. According to MacRumors, the platform is currently testing it for the iOS Beta operating system. Twitter's latest beta update introduces the "TipJar" feature to allow content creators to receive Bitcoin tips in the future. The code in the Twitter beta seems to indicate that this feature is in the works.
Previously, Twitter allowed users to add Bandcamp, CashApp, Patreon, PayPal, and Venmo links to their profiles. According to the Twitter beta update, the tipping feature will use the Lightning Network for small Bitcoin payments and will support both custodial and non-custodial wallets.

Italian mobile developer Alessandro Paluzzi posted a screenshot on Twitter saying that the latest Twitter iOS beta contains code that enables Bitcoin to become part of the "TipJar", which means that Twitter is working on the function of users receiving Bitcoin tips.
It is reported that Twitter will use Strike to generate Bitcoin lightning invoices, so users need to connect their accounts to accept Bitcoin tips. Twitter CEO Jack Dorsey hinted at this move in July. This move may make cryptocurrency and token tipping mainstream to achieve one of the important use cases of cryptocurrency. However, it is not clear when the feature will be officially released.

It is predicted that if the above functions are launched, Bitcoin's second-layer solution will be further developed and the capacity of the lightning network will be greatly improved.
The launch of the Bitcoin tipping feature is just one of the Bitcoin-focused applications developed by the social media giant Twitter and Jack Dorsey himself. In July, Jack Dorsey revealed that Square is developing a "assisted custody" hardware wallet for Bitcoin and a Bitcoin-based DeFi service. In early August, Jack Dorsey said that a decentralized trading platform would be built for Bitcoin. Jack Dorsey described Bitcoin as "key to Twitter's future" and said that the company intends to integrate Bitcoin into services such as commerce and subscriptions.

According to the latest screenshots released by developer Alessandro Paluzzi on September 3, the Twitter app version has Bitcoin and Ethereum wallet address options in the settings toolbar.

Although the news at this stage has not been officially disclosed by Twitter, Twitter product director Kayvon Beykpour retweeted Alessandro Paluzzi’s post on September 1 about the Bitcoin tipping feature, and used lightning and arrows to hint that this will happen soon.
Considering that Jack Dorsey is a typical Bitcoin maximalist, the plan to support Bitcoin as a tip for content creators is expected, but he has not been interested in Ethereum in the past (he has repeatedly stated that he will not invest in Ethereum). The tipping function supports both Bitcoin and Ethereum, which also indirectly shows that Ethereum is winning the acceptance and support of Bitcoin maximalists with its broad consensus and strong use cases. In the future blockchain world, Bitcoin and Ethereum are indispensable. (Blockchain Headlines)

<<:  Central Bank: Strengthen supervision of platform companies' financial activities to crack down on Bitcoin mining and trading

>>:  67.9% of Salvadorans disagree with the government adopting Bitcoin as legal tender in a Central American University poll

Recommend

The middle finger predicts your life fortune

The middle finger predicts your life fortune Ther...

Women without cleavage have no career development

The career line may be a little ambiguous to peop...

Peaceful upgrade or split? Ethereum plays a good hand badly

Author: Yin Yaoping Regarding the recent Ethereum...

Overview of Bitcoin Development in Latin America

Latin America's economic outlook for 2016 is ...

What does a mole on the back of the thigh mean?

Some moles that are located deep inside and are n...

The meaning of moles on women's left and right breasts

Traditional physiognomy covers a wide range, among...

What kind of people will work hard to make money?

What kind of people will work hard to make money?...

What kind of woman is blessed?

Can a woman's fortune be determined by lookin...

What will a woman with deep scheming look like?

As the saying goes, one should only say three-ten...

Is it good for a woman to have dimples? How is her career and marriage fortune?

There are many words in Chinese to describe beaut...

Barcelona to launch its own digital currency

Barcelona council will reportedly launch its own ...

What is preventing us from going smoothly in physiognomy research?

What is preventing us from going smoothly in phys...

The shape of your mouth can tell whether you are rich or poor

The shape of your mouth can tell whether you are ...

Facial features that indicate bad luck

Facial features that indicate bad luck 1. Forehea...