Twitter appears to be in the process of allowing users to add Bitcoin and Ethereum addresses to their profiles to receive tips in cryptocurrencies. The new addition could be intended to upgrade the Tip Jar feature that the microblogging network introduced earlier this year. Twitter is working on the ability to let users receive tips in Bitcoin through the Tip Jar feature. CEO Jack Dorsey suggested the implementation in July, calling Bitcoin a “big part” of the company’s future in talks with analysts and investors.
Mobile app developer Alessandro Paluzzi has found references on Twitter that allows users to add Bitcoin and Ethereum addresses to their profiles. The developer posted a tweet with three screenshots to indicate the new options.
The first screenshot suggests that users can copy Bitcoin and Ethereum addresses to send tips in either of the two cryptocurrencies using the Tip Jar feature. In the second and third, Twitter appears to allow users to add Bitcoin and Ethereum addresses to their profiles.
In addition to the screenshots suggesting the addition of Bitcoin and Ethereum address options, Paluzzi on Wednesday tweeted a screenshot to suggest the arrival of Bitcoin support for the Tip Jar feature. that tweet response received from Twitter’s product lead Kayvon Beykpour which includes a lightning bolt emoji along with another saying “soon” to confirm development and impending release.
Beykpour has not provided further details on when exactly the ability to receive tips in Bitcoin through Tip Jar will be available to users. However, the screenshot posted by Paluzzi suggests that Twitter might consider payment transfer technology The Lightning Network to allow tipping in Bitcoin on its platform.
The screenshot also suggested that Twitter would use Strike to generate Bitcoin Lightning bills for the cryptocurrency tips users get through the platform. However, Paluzzi says in his newer tweet that users do not need to link a Strike account to add their Bitcoin and Ethereum addresses.
A report from MacRumor says the work for Bitcoin tips has been suggested via Twitter for iOS beta code. However, it is not available to beta testers at this time.
In May, Twitter introduced the Tip Jar feature that allows creators, journalists, and nonprofits to monetize their tweets in the form of tips. The company initially allowed users to share links to their Bandcamp, Cash App, Patreon, Paypal and Venmo accounts to receive tips from their followers. However, that was just the beginning as the platform seems to be adding cryptocurrencies as the new payment options.
Twitter CEO Jack Dorsey has been advocating for cryptocurrencies for quite some time now. In August, he said Bitcoin would “unite a deeply divided country”. Dorsey also mentioned the “big part” of Twitter’s future during Twitter’s profit call in July.
“I think there is a lot of innovation beyond money alone, especially as we think about decentralizing social media more and providing more economic incentives,” he said while answering a question about how he sees Bitcoin as an integral part of Twitter. is becoming.