Twitter, the micro-blogging site, is working to expand its “tip jar” feature and will soon allow content creators to receive tips in bitcoin and other cryptocurrencies from their followers. In May of this year, Twitter introduced an in-app tipping feature, allowing some users to add “tip jars” to their Twitter profiles so that others can pay them without leaving the app. Now, the company is opening up tipping to all its users globally. And for the first time ever, it will allow users to send and receive suggestions in Bitcoin, Ethereum and other crypto coins. When this feature is enabled, a tip jar icon will appear on the user’s profile.
What is a Tip Jar?
On its website, Twitter explained Tips as a feature that would let users add links to select third-party payment services — such as Bandcamp, Patreon and Razorpay — to their profiles. This feature is currently available for iOS users and is likely to be rolled out to Android sometime later. Twitter said people already share links to third-party paid services on their handles, but the new feature will make it easier for users to pay and help content creators drive conversations. It will also help people to raise funds for a cause. recently blog postTwitter said that those who wish to pay in bitcoin can do so using Strike, a payment application built on the Bitcoin Lightning Network.
How does this happen?
After enabling the Tips feature, you can add your bitcoin address to your profile. To send the payment directly to you, people can copy your address and paste it into the bitcoin wallet of their choice. Users must be over 18 years of age to enable this feature. In July, Twitter CEO Jack Dorsey told investors that bitcoin would be one of three major trends the social media platform would follow in the future. Two others would be artificial intelligence (AI) and decentralization, an idea on which cryptocurrencies are based.
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