The rumor that emerged at the very beginning of September is now officially confirmed: with its new Tips service, Twitter will allow to offer tips thanks to Bitcoin (BTC). The service will be done with the Lightning Network, via Strike.
Receive satoshis in tips on Twitter
It was already known that Jack Dorsey, the CEO and founder of Twitter, was in the view of seeing a joint development of his company with Bitcoin, but this time things are getting concrete.
This September 23, Esther Crawford, Twitter’s head of product, announced the arrival of “Tips” on the social network, a new option that allows followers to offer a tip to their favorite accounts. In addition to cash payments (via Cash App, Patreon or Venmo in particular), donors will be able to send bitcoins.
As Mashable reports, the feature will first be rolled out to smartphones running Apple’s iOS, before being made available to those running Android in the coming weeks.
“Whether you want to tip your favorite account because you love their comments, send affection to an emerging comedy creator for their hilarious Tweets, help a small business owner through a tough time, give to an important cause – whatever you want to support (…), Tips is here to help you do it.”Esther Crawford
NFTs on the agenda in addition to Bitcoin?
Tips in BTC will be sent via the Lightning Network (LN) and payment provider Strike. Donors can send tips from any wallet on the Lightning Network. Tips via LN and Strike will allow for free and instantaneous satoshi payments around the world.
Twitter’s interest in non-fungible tokens (NFT) was also mentioned by Esther Crawford. The product manager explained that many owners of these unique tokens use their NFTs as profile pictures, and Twitter is looking for ways “to formalize this practice.”
“We’re excited to explore NFT authentication soon (…) It’s a way to support creators who practice this art, with a brand to demonstrate [an NFT’s] authenticity. By allowing people to connect their cryptocurrency wallets directly, they can then showcase their NFT on Twitter. (…) We’re looking to make it visually clear that it’s an authenticated avatar (…),” Esther Crawford
It is clear here, Jack Dorsey’s companies are exploring the possibilities of cryptocurrencies from all sides. Indeed, we should also remember that, in addition to Twitter, his other company, Square, is working on a hardware wallet for Bitcoin.