Twitter sets to add Bitcoin tipping options to its tipping jar, the Bitcoin tips are available to send through the Lightning Network using the Strike app, or by adding a BTC address directly to one’s profile.
Twitter staff product manager Esther Crawford said in a blog post on Thursday that the crypto tips function would be available to all iOS users worldwide, with Android options coming in the coming weeks.
Users will be able to accept payments by linking third-party apps like Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay, and Wealthsimple Cash to their Twitter biographies and individual Tweets, depending on their location.
Crawford stated, “We want everyone on Twitter to have access to avenues to get compensated.” “Digital currencies that encourage more people to participate in the economy and enable them to transmit money across borders with the least amount of friction possible – these will help us get there.”
In addition to the aforementioned services, Twitter tips can be sent via the Bitcoin (BTC) Lightning Network, which uses the Strike app to transmit payment, or by directly adding a BTC address to one’s profile. According to Crawford, Twitter does not take a cut.
When the social media company announced its “Tip Jar” concept, meant to allow platform users to reward content creators with the push of a button, Twitter CEO Jack Dorsey hinted that a BTC tipping option was in the works. He also talked about Square’s aspirations to create a decentralized Bitcoin exchange.