Twitter Deploys Bitcoin Tips Feature | TBEN

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Twitter is rolling out its tip feature globally and will allow bitcoin in its latest move to help creators generate income through the platform.

After testing the feature with a small group of users in the United States since May, the social network is now making it available to everyone.

The option will appear as a cash icon on profiles, which links several third-party online payment services, including Cash App and Patreon.

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Twitter has said it will not take a cut in payments.

Cryptocurrency payments will also be enabled for the first time, using the Bitcoin Lightning network-based Strike app, which is currently only available to people in the United States and El Salvador.

For now, the advice will be limited to iOS, with Android expected to follow soon.

“We want everyone on Twitter to have access to channels to get paid,” said Esther Crawford, product manager of Twitter staff.

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“Digital currencies that encourage more people to participate in the economy and help people send money across borders and with as little friction as possible are helping us get there.”

At a press briefing, the company said it is also exploring an idea of ​​non-fungible token (NFT) authentication, which can appear as a form of a stamp on people’s profiles, as well as the ability to track and present their NFT property.

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An NFT is a limited edition asset that is sold without any physical form through the blockchain, effectively providing certification of ownership.

Tokens have been hailed as a way to sell works of art and digital assets.

-AAP