The Bitcoin (BTC) tipping function has become available to Twitter users. Previously, creators could be tipped via some third-party services, but not everyone had the opportunity to use them. From now on, users can make transactions directly through the social network.
Having successfully completed the testing stage, which began in May 2021, Twitter has officially launched the Bitcoin tipping feature for all users. To make a transaction, click the cash icon on the creator’s profile. The request will be automatically processed through third-party online payment services, such as Cash App and Patreon. According to The New Daily, Twitter said it wouldn’t take a cut from payments.
Cryptocurrency payments will be made using the Strike application, built on the Lightning Network solution. By linking their Lightning wallet or Bitcoin address, users will be able to transfer or accept digital currency. Currently, the function is available on iOS, but Android users will soon be able to enjoy it as well.
According to Esther Crawford, Twitter’s staff product manager, the company wants “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.”
During a press briefing, the company stated it was also looking into a non-fungible token (NFT) authentication tool, allowing users to showcase their NFT ownership on the platform. The feature is still in development and is aimed at users with NFT profile pictures.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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