At this point, the information is unofficial; nevertheless, Twitter’s product lead, Kayvon Beykpour, has hinted that an announcement may be forthcoming shortly.
According to reports, Twitter is working on adding features that would allow users to link their Bitcoin and Ethereum addresses to their profiles.
The recent update is considered to be a component of Twitter’s Tip Jar function, which was introduced in May of this year. It also appears to confirm rumours that the company would support Bitcoin (BTC) tipping for content creators, which surfaced earlier this week.
Alessandro Paluzzi, an Italian mobile developer and self-described “leaker,” posted screenshots of the Twitter app’s settings toolbar on September 3 that displayed Bitcoin (BTC) and Ethereum (ETH) wallet address possibilities.
#Twitter is working to allow you to add your #Bitcoin and #Ethereum address to your profile to receive tips via the Tip Jar feature
ℹ️ It is not necessary to link a Strike account to add them to your profile. pic.twitter.com/xT9Tg1vdzR— Alessandro Paluzzi (@alex193a) September 2, 2021
Twitter’s product lead Kayvon Beykpour shared Paluzzi’s Sept. 1 post announcing the Bitcoin tipping feature with the lighting and “soon” arrow emojis, despite the fact that the information is unofficial for the time being.
Twitter CEO Jack Dorsey revealed in July that the company’s efforts to integrate Bitcoin tipping into the platform through routes like as commerce and subscriptions were part of a bigger effort to integrate the commodity into the platform.
According to a report published on August 31 by MacRumours, the BTC tipping feature will make use of the Lightning Network payment platform Strike. In contrast, Paluzzi has stated that it is “not necessary to link a Strike account” in order to add BTC addresses to user profiles, according to the author.
⚡️ https://t.co/EumSmM9caR— Kayvon Beykpour (@kayvz) September 1, 2021
A number of Bitcoin initiatives, including an aided custody wallet and BTC-based DeFi services, have been announced by Dorsey’s Square Inc for implementation in 2021.
Given that Dorsey is a Bitcoin maximalist, the idea of digital gold being used to tip content creators on Twitter is not surprising. However, the inclusion of ETH appears to be new territory for the tech leader, who has previously expressed a strong dislike for the second most popular cryptocurrency.