Twitter’s new ‘Tips’ feature allows users to send crypto or cash tips
Social media giant Twitter is rolling out a new feature that will allow users to tip their favourite Tweeters in cryptocurrency.
In addition, the company said it planned to allow users to connect to their crypto wallets and verify NFT ownership.
The first media network to support cryptocurrency as a payment stream, users will be given the option to link their Bitcoin into a fixed spot on a profile specifically for tips.
Available to all Apple IOS first and Android users at a later date, the Tips feature can be found next to the follow button on a profile and has a graphic of dollar bills.
“Whether you want to tip your favourite account because you adore their commentary, send some love to an emerging comedy creator for their hilarious Tweets, help a small business owner through a difficult time, give to an important cause – whatever you want to support (and we know you already have some ideas), Tips is here to help you do it,” Twitter said in the announcement.
Tips is to be released to everyone and can link to Cash App, Patreon, Venmo, Chipper, Picpay, GoFundMe, and other platforms. In addition, users can send Bitcoin Tips using Strike, a payment application built on the Bitcoin Lightning Network – a processor that allows people to globally send and receive bitcoin for free.
To receive bitcoin on a Twitter profile users will need to make an account with Strike, but you can use any Bitcoin Lightning Network to send tips to an account.
Strike is available to anyone in the United States, excluding Hawaii and New York.
“We’re excited to soon explore NFT authentication,” said Twitter’s product manager, Esther Crawford. “By allowing people to directly connect their crypto wallets, [creators] can track and showcase their NFT ownership on Twitter.”
The latest move by the company is not completely surprising. Twitter CEO Jack Dorsey told investors this year that bitcoin would be a ‘big part’ of the social media company’s future.