TWITTER TO SOON ALLOW USERS TO RECEIVE BITCOIN, ETHEREUM VIA ITS TIP JAR FEATURE

Twitter may soon allow its users to add Bitcoin and Ethereum to their profiles for receiving cryptocurrency tips. App developer Alessandro Paluzzi backed the claim with a tweet, confirming that the social media giant is working to allow users to add “Bitcoin and Ethereum address to your profile to receive tips via Tip Jar feature.”

He also posted a screenshot showing how users will be notified when they can receive tips in cryptocurrency via the micro-blogging site. If Paluzzi is believed, Twitter will update its Tip Jar feature that was announced in May this year.

Twitter’s Tip Jar feature lets creators, non-profit organizations, and journalists monetize their tweets with tips. The microblogging site allowed users to share links to their Bandcamp, Cash App, Patreon, Paypal, and Venmo accounts for receiving tips from their followers during the initial phase of this feature. Now, the company seems to be gradually moving towards adding cryptocurrencies as the new payment option.

As per the reports, Twitter might use Strike’s services to generate Bitcoin invoices through the Lightning Network. However, Paluzzi disagrees, saying that linking a Strike account to add Bitcoin and Ethereum addresses to the users’ profiles was unnecessary.

Twitter CEO Jack Dorsey has been seen discussing and taking an interest in cryptocurrencies for some time. According to him, Bitcoin would “unite a deeply divided country.”, reports Seeking Alpha.

In July, Dorsey called it a “big part” of Twitter’s future during Twitter’s earnings call. “I think there’s a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive,” he said, emphasizing that Bitcoin may become an integral part of Twitter.

A report by MacRumors suggests that Bitcoin tipping has been given the go-ahead for iOS beta code. However, the iOS beta testers cannot access the feature at the moment.

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