Last Updated on 22/11/2021 by Khushi
Twitter is currently focusing on enabling users to add Bitcoin and Ethereum addresses to their accounts in order to allow users to receive tips via cryptocurrencies. The new function is intended to improve the Tip Jar feature that was released previously this year by the microblogging site.
Alessandro Paluzzi, a mobile app developer shared this news in his Twitter account. The developer also revealed the additional possibilities in a tweet with the help of three screenshots.
Twitter’s product head Kayvon Beykpour also replied to the tweet with a lightning bolt emoji and the word “soon” to confirm the project’s progress and impending debut.
Although, Beykpour has not shared any additional information regarding when this feature will be released on the platform. Twitter is planning to use money transfer technology The Lightning Network to enable Bitcoin tipping on its site.
Twitter is also expected to create Bitcoin Lightning bills to offer an invoice to the people using bitcoin tips on Twitter. Hence, users can simply add their bitcoin and Ethereum addresses without needing to connect to a Strike account according to Paluzzi’s latest tweet.
Tip Jar feature was first incorporated by Twitter in May 2021, allowing creators, journalists, and organizations to make money using their tweets through tips. The micro blogging site receives massive support by its users regarding this feature. Users can simply link their twitter profile to their Bandcamp, Cash App, Patreon, Paypal, and Venmo accounts to receive tips through their followers.
Seeing the growing popularity of Bitcoin, the app decided to expand its payment option. For a long time, Twitter CEO Jack Dorsey has been a strong supporter of cryptocurrencies.
In a chat with analysts and investors in July, CEO Jack Dorsey also urged the adoption of Bitcoin and considers it a “huge aspect” for the company’s future growth.
Apart from Twitter, earlier this year PayPal had also allowed users to trade in Cryptocurrencies using selected cryptos, including Bitcoin, Ethereum, and Litecoin. Although, the feature is currently available only for US users, the company so far has not revealed when this feature will be released worldwide.