Twitter, the microblogging site, is working to expand its “Tip Jar” functionality and will soon allow content creators to receive advice on Bitcoin and other cryptocurrencies from their followers. In May of this year, Twitter introduced the tip feature in the app, allowing some users to add a “tip pot” to their Twitter profile so that others can pay them without leaving the app. Now, the company opens the tip to all of its users around the world. And for the first time, it will allow users to tip and receive Bitcoin, Ethereum, and other crypto coins. When this feature is enabled, a Tip Jar icon will appear on a user’s profile.
What is a tip jar?
On its website, Twitter explained the tips as a feature that will allow users to add links to certain third-party payment services – like Bandcamp, Patreon, and Razorpay – to their profiles. The feature is currently available for iOS users and is expected to roll out to Android in some time. Twitter said people are already sharing links to third-party payment services on their handles, but the new feature will make it easier for users to pay and help content creators conduct a conversation. It will also help people raise money for a cause. In a recent blog post, Twitter said that those who wish to pay in Bitcoin can do so using Strike – a payment app built on the Bitcoin Lightning Network.
How does this work?
After activating the Tips feature, you can add your Bitcoin address to your profile. To send you a payment directly, people can copy your address and paste it into a Bitcoin wallet of their choice. Users will need to be over 18 to activate this feature. In July, Twitter CEO Jack Dorsey told investors that Bitcoin would be one of three key trends the social media platform will follow in the future. The other two will be Artificial Intelligence (AI) and decentralization, the idea on which cryptocurrency is based.