Twitter launches crypto tipping for all users
Social media giant Twitter will be enabling cryptocurrency options to its tipping jar, allowing any user to pay through the platform.
In a Thursday blog post, Twitter staff product manager Esther Crawford said the crypto tips feature would be available for all iOS users globally and the platform plans to roll out options for Android in the coming weeks. The crypto option will allow users to link third-party apps, including Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay, and Wealthsimple Cash — depending on their region — to their Twitter bios and individual Tweets to receive funds.
“We want everyone on Twitter to have access to pathways to get paid,” said Crawford. “Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible — help us get there.”
Related: Bitcoin tipping on Twitter: A game changer for crypto adoption?
In addition to the linked services, Twitter tips are available to use through the Bitcoin (BTC) Lightning Network, which sends payment using the Strike app, or by adding a BTC address directly to one’s profile. “Twitter takes no cut,” according to Crawford.
Twitter CEO Jack Dorsey had previously hinted that a BTC tipping option was being developed when the social media firm revealed its "Tip Jar" concept was designed to enable platform users to reward content creators with the touch of a button. He has also discussed Square's plans to build a decentralized exchange for Bitcoin.