Twitter is rolling out its tipping feature to users from 23rd September 2022, this feature will enable users to add Bitcoin address to users bio and has added Bitcoin as another accepted form of payment.
The social media platform began testing its Tips feature earlier this year with a select group of users, and payments could be processed via Bandcamp, Cash App, Chipper, Patreon, Razorpay, Wealthsimple, Venmo or GoFundMe, depending on the user’s choice. With Thursday’s updates, U.S. users will also get to use Strike, a payment app built on the Bitcoin Lightning Network that lets users send and receive Bitcoin.
This is not coming as a surprise as the CEO Jack Dorsey has been an advocate of cryptocurrency with his company making a move to hold Bitcoin worth $50 millions.
Now, the new feature is simply referred to as “Tips,” the feature is available to everyone on Twitter with an extensive list of payment options to choose from.
Esther Crawford, Twitter Staff Product Manager, states in an announcement:
“People already drop links to their payment profiles in their bios and in their Tweets. Tips makes this easier to do, offering one fixed spot, right on your profile, where you can link to your Cash App, Patreon, Venmo and other platforms where people can support you.”
“Whether you want to tip your favorite 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.”
Here’s more about how Twitter Tips work,
Twitter Tips – How Does it Work?
Twitter Tips lets you add links to third-party payment services on your Twitter profile.
When Tips is turned on, your profile will display a special icon letting others know you have the feature enabled. The icon looks like a cash bill. People can tap on the icon to send you money or Bitcoin off-platform via the third-party payment services you selected.
Twitter NFTs authentication
In addition, Twitter announced that it is also planning to support authentication for non-fungible tokens (NFTs).
“We’re excited to soon explore NFT authentication,” Crawford was quoted as saying. “It’s a way to support creators making this art with a stamp to demonstrate authenticity. By allowing people to directly connect their crypto wallets, they can track and showcase their NFT ownership on Twitter.”
One of these is a new feature that would allow its app to better serve creators working with NFTs, or non-fungible tokens — a way to certify digital assets, stored on the blockchain. Artists are now creating NFTs of their work which are sold across NFT marketplaces