Twitter Users Will Soon Be Able To Access Bitcoin Tips Via Tip Jar

from CNBCTV18.com September 1, 2021, 05:45 STI (updated)

Following Twitter’s latest beta update, content creators will be able to access Bitcoin tips using the Tip Jar feature, which was introduced earlier this year. Although Bitcoin is not available to select as a tip option for beta users, the code in the beta suggests that Twitter is in the process of rolling it out.

Twitter CEO Jack Dorsey had told investors in July that Bitcoin would play an important role in the company and would come to Tip Jar in the future. Dorsey had named Bitcoin as one of the top three trends for Twitter’s future. The other two are AI and decentralization.

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“If the Internet has a local currency, a global currency, we’re able to move much faster with products like Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet because of this. rather than reducing a market-by-market approach,” Dorsey had said.

When Tip Jar was first introduced, Twitter allowed users to add Bandcamp, Cash App, Patreon, PayPal, and Venmo links to their Twitter profile. According to details as seen in the beta version, users will be guided through a Bitcoin tutorial.

This will include details on the Bitcoin Lightning Network, as well as custodial and non-custodial Bitcoin wallets as well. Twitter gives Strike, Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Muun, Breez, Phoenix and Zap as examples of non-custodial wallets.

Twitter has also informed its users that a Strike account is required for Bitcoin tips. Twitter uses Strike to generate Bitcoin Lightning receipts. You must link the relevant account to receive Bitcoin tips.

Although Twitter is sharing the details, they are working on ‘Cheer’, ‘Haha’, ‘Hmm’, ‘Like’ and ‘Sad’ reactions to tweets. Soon, users will be able to activate using a press and hold gesture on the current like button.