On the social media ChangeTip, active users can earn Bitcoin tips

SAN FRANCISCO -- (BUSINESS WIRE) -- ChangeTip , a well-known social media platform , is a Bitcoin “tipping” tool in social media that allows users to give a certain share of funds on 35 different social platforms or some physical display platforms (including Twitter, YouTube, Reddit and GitHub ) . Users can tip content providers with small amounts of money through simple online comments or replies, just like tipping a street musician or a waiter for a good service.

       Typical tipping activities include: liking comments or giving gifts; people tipping certain insightful articles or content materials worth promoting; tipping favorite musicians, actors, writers or other public figures; tipping songs or paintings; using tips instead of simply clicking "like" or "top" as a real action; using tips as a means of repaying small debts; and donating to charities and other non-profit organizations through tips.

       "The phenomenon of social media tipping, or giving small amounts of money or digital gifts to show appreciation on the internet, has become a trend," said Nick Sullivan, founder and CEO of ChangeTip . "With ChangeTip , over a million users can pool their $ 0.01 contributions to create $ 10,000 for content creators, which is simply not possible with traditional payment methods."

       The company's CEO Nick Sullivan previously served as vice president at Yahoo !, Wikia and Krux , creating huge profits for these companies. Chief Operating Officer John Q. Smith is a veteran expert in Silicon Valley, who has made two brilliant transitions and has more than 20 years of experience in software engineering and team building. The four people in ChangeTip 's core leadership team have worked together on some projects in the past, so they have strong team cohesion and all have at least 10 years of experience in application development.

Dan Morehead, CEO of Pantera Capital , elaborated, “Tipping was probably Bitcoin’s first serious competitor — it was built on social media and provided a free, fun, instant way for people to send money without boundaries or minimums. This had a huge impact on Bitcoin adoption. I got my first free Bitcoin from Gavin Andresen ’s Bitcoin Faucet many years ago. Looking back today, most people probably got their first free Bitcoin from ChangeTip .”

ChangeTip has established connections with more than 50,000 social media or physical social platforms. The service facilitates a wide range of transaction sizes, from $0.00001 to $100 . Moreover, since its inception, the company's customer base has grown by 30% per month. High demand and simple operation have made it a quick hit on Reddit and Twitter , and the audience has grown at an amazing rate.

       Bitcoin's advantages include global access, decentralized security, speed, convenience, negligible fees, and no minimum transaction size. Credit cards, SWIFT , ACH , SEPA , and other legal payment methods have slightly higher service fees, limited transaction speeds, and insufficient ability to optimize the transfer of funds between one another. In some cases, sending money through these channels is too costly, slow, and cumbersome.

       Because of these restrictions, YouTube charges a 5% service fee for every $ 0.21 tipped, but it is becoming increasingly clear that many users are unwilling to pay even the minimum amount. If 1 million viewers are only willing to pay $ 0.01 for this video and are unwilling to pay more than $ 0.22 , then there is no profit for the content provider.

About ChangeTip

ChangeTip is an app from ChangeCoin Inc , a Delaware corporation based in San Francisco. It allows people to express gratitude or pay money to other people or companies through tips. Tips are usually made within the chosen social platform. People can tip whether they are using Twitter, Reddit, YouTube or other social tools. In this sense, ChangeTip not only represents a new starting point for the basic business of financial payments, but also represents the next iteration of Internet value.

       Using Bitcoin's blockchain technology, the company's platform enables instant transactions between two parties. ChangeTip 's product portfolio includes the Tip.Me widget , which allows any content provider (artist, writer, musician, etc.) to receive tips through the ChangeTip platform.

* In order to comply with US laws and financial industry practices, ChangeTip stipulates that its services cannot be used in non-cooperative or "blacklisted" countries and regions of the US Financial Action Task Force (FATC) (such as Liberia, Myanmar, etc.).