Twitter is reportedly testing the option of tipping with bitcoin as part of its “Tip Jar” feature. This followed the company’s CEO, Jack Dorsey, stating that bitcoin is a major part of Twitter’s future, hinting that the cryptocurrency will be part of several upcoming products.
Twitter Reportedly Testing Bitcoin Tipping Option
Twitter Inc. (NYSE: TWTR) is reportedly testing a bitcoin tipping feature. This development followed CEO Jack Dorsey hinting in July that bitcoin may be integrated into several products, including Tip Jar. Macrumors reported Tuesday:
Twitter’s latest beta update introduces support for providing content creators with bitcoin tips using the ‘Tip Jar’ feature that Twitter introduced earlier this year.
“Bitcoin isn’t yet available to select as a tip option for beta users, but code in the beta suggests that Twitter is in the process of rolling it out,” the publication described. “Details in the latest Twitter beta indicate that users will be directed through a Bitcoin tutorial that includes details on the Bitcoin Lightning Network and custodial and non-custodial Bitcoin wallets.”
Twitter user Alessandro Paluzzi (@alex193a) tweeted a screenshot of how to receive tips in bitcoin on Twitter. The instruction indicates that a Strike account is required, stating: “We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect your account to accept bitcoin tips.”
Twitter introduced Tip Jar in May. The company explained at the time that “The services you can add today include Bandcamp, Cash App, Patreon, Paypal, and Venmo,” adding that it “takes no cut.”
Dorsey said in July that bitcoin is a big part of Twitter’s future, noting that bitcoin is the best candidate for the native currency of the internet. He opined at the time: “If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscription, Tip Jar, and we can reach every single person on the planet because of that instead of going down on market-by-market approach.”
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