NFT

Twitter rolls out tips feature globally and adds bitcoin tipping via Lightning


After rumors swirled earlier this month, social media platform Twitter has officially rolled out its tips function worldwide — with a bitcoin integration included via the Lightning network.

Clicking on the feature enables users to tip creators through third-party services like CashApp, which is operated by Square, a payments company founded by Jack Dorsey. But in an effort to make monetization accessible in places that may not have easy access to fiat, users can also tip in bitcoin.

After testing the feature with a small group of users in the US since May, the social network is now making it available to everyone.

The option will appear as a cash icon on profiles, which links up to several third party online payment services, including Cash App and Patreon.

 

Twitter said it would not take a cut from payments.

Cryptocurrency payments will also be enabled for the first time, using the Strike application built on the Bitcoin Lightning Network, which is currently only available to people in the US and El Salvador.

Twitter blog writes:

“In addition to the services currently enabled through Tips, people can now seamlessly tip with Bitcoin using Strike – a payments application built on the Bitcoin Lightning Network that allows people to send and receive Bitcoin. Strike offers instant and free payments globally.”

For the moment, tips will be limited to iOS, with Android set to follow soon.

“We want everyone on Twitter to have access to pathways to get paid,” Esther Crawford, Twitter’s staff product manager, said.

“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.”

 

In a press briefing, Twitter said it was also exploring a non-fungible token (NFT) authentication idea, which may appear as some form of stamp on people’s profiles, along with the ability to track and showcase their NFT ownership.





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