Twitter Finally Introduces Bitcoin Tips

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In what appears as an advancement of functionality, popular microblogging platform Twitter has finally added the Bitcoin tipping feature into its mobile app.

This is coming a few weeks after the rumour that the social media giant was working on its tipping feature to include Bitcoin.

According to the firm, Bitcoin was included because some jurisdiction might have unequal access to fiat currency. However, with the inclusion of the leading digital asset, those who might hitherto be disadvantaged would be able to leverage on it. This was explained by Esther Crawford, Twitter’s product manager who said “We want everyone to have access to pathways to get paid digital currency that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible help us get there.”

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The new tipping feature would only be available to iOS users for a start. Also, Bitcoin tipping would be dependent on Lightning Network, a service renowned for its low transaction fees. 

Crawford continued that users of the site can now add either their Bitcoin lightning wallet or their Bitcoin address so as to enable them to send and receive tips in the crypto king.

Reactions Trail Twitter’s new Bitcoin Tipping Feature

The crypto community on Twitter has lapped up this new decision by the social media giant to introduce Bitcoin tipping. 

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A Twitter user expressed optimism at the new feature saying “I can get paid for posting a spicy tweet? Sounds fair.” Another user stated that it was a good decision as it becomes “a great and easy way to send money around the world.”

On the other hand, some have begun asking which other social media platform would be towing the Twitter path in supporting crypto payments via their system.

Twitter Hints at NFTs

At the press release where Twitter revealed its new Bitcoin tipping feature. The product manager of the tech giant revealed that the company was not done with the integration of blockchain-based tools into the performance of the site.

Speaking further on this development, Esther Crawford explained that Twitter was looking into ways of exploring non-fungible token (NFT) authentication. According to her, this new move would allow users of the social media platform to directly connect their accounts and their crypto wallets, this invariably would allow them to be able to prove ownership of an art piece that might be tied to their account.

Per Crawford’s statement, “We’re interested in basically making it somehow visually clear that this is an authenticated avatar and then give you some interesting info and insight about the provenance of that NFT, so that’s kind of where we’re at today.”

Twitter CEO, Jack Dorsey, is renowned in the crypto/blockchain space for being a vocal supporter of the industry. His other company, Square is currently working on a crypto hardware wallet and is also one of the major institutional investors in the flagship asset.

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