Twitter will soon allow you to tip people in Bitcoin
Twitter may soon start allowing its users to tip their favorite Bitcoin content creators.
The social network’s head of consumer products, Kayvon Beykpour, responded to a tweet from researcher Alessandro Paluzzi, who first spotted the new feature, with emojis suggesting the feature is coming soon.
– Kayvon Beykpour (@kayvz) September 1, 2021
According to Paluzzi’s tweet, the cryptocurrency cheats would be handled through Lightning, a decentralized network that uses smart contracts to enable instant payments.
Twitter first announced its Tip jar feature in May, which allows users to list the services or payment platforms to which the account is connected. Currently, the services available in this feature include Bandcamp, Cash App, Patreon, PayPal and Venmo, and Twitter has assured that there will be no cut.
“Tip Jar is an easy way to support the amazing voices that make up the conversation on Twitter,” noted Esther Crawford, Staff Product Manager, in a blog post. “It’s a first step in our work to create new ways for people to receive and show their support on Twitter – with money. ”
The feature is available to all English Twitter users, however Beykpour said the team “was working to expand” to other countries “soon”. Additionally, he confirmed that Twitter has “stuff in the works” regarding NFTs, and opened the dialogue for users to suggest what they would like Twitter to do in the NFT space.
Twitter CEO Jack Dorsey has been a strong supporter of Bitcoin, having even recently dabbled in Bitcoin mining. Last month, the company hired a crypto researcher to lead its decentralized social network Bluesky.
In other news, Jack Dorsey recently said that Bitcoin will “unite a deeply divided country.”