Twitter’s Tip Jar May Support Cryptocurrency Options Like Bitcoin, Ethereum Soon

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Twitter’s Tip Jar feature may soon have an option for cryptocurrency. The feature is reportedly under development and was spotted by reverse engineer Alessandro Paluzzi, who shared screenshots of what it will look like when it launches. Later, Twitter product manager Kayvon Beykpour retweeted Paluzzi’s tweet with the message “soon” indicating that this is indeed in the works.

According to Paluzzi’s screenshot, Twitter’s Tip Jar will use the Lightning Network to allow users to collect their Bitcoin payments. Another screenshot shows that users will be able to collect tips in both Bitcoin and Ethereum and the platform will allow them to add their respective addresses to their profile.

The screenshot also shows that Twitter is using Strike for Bitcoin payments. Strike is a payments application that uses Bitcoin and blockchain technology for payments on a global scale. It can also be used to buy and sell Bitcoin.

The Tip Jar feature was added in May by Twitter. At the time, Twitter announced that the feature would be made available to a limited number of users and that they could add it to their profile. For now only, some creators, journalists, experts and nonprofits will see the Tip Jar on their profile. Twitter had said it would extend the feature to more users later.

Check out the tweet below

#Twitter is working on the possibility of receiving tips in #Bitcoin pic.twitter.com/uycD3qsR5F

Alessandro Paluzzi (@ alex193a) September 1, 2021

https://t.co/EumSmM9caR

Kayvon Beykpour (@kayvz) September 1, 2021

#Twitter is working on the possibility of receiving tips in #Bitcoin pic.twitter.com/uycD3qsR5F

Alessandro Paluzzi (@ alex193a) September 1, 2021

The addition of Twitter’s cryptocurrency will be the latest in a series of measures designed to help the platform’s creators find a source of income. It also signals the growing importance of cryptocurrency as a means of payment. Bitcoin has once again crossed the $ 50,000 mark, while Ethereum also rises to $ 3,900 and is increasingly accepted as a payment method.

In June, Twitter added RazorPay as India’s premier payment gateway to Tip Jar, which would allow users in India to collect tips on the platform as well. Twitter also announced that the Tip Jar feature would be available in several Indian languages, including Bengali, Gujarati, Hindi, Kannada, Marathi and Tamil.

Once a Tip Jar is set up for a profile, the user’s followers can support it by submitting tips. And given the support for RazorPay, they have the option to send money through multiple payment methods including UPI, credit and debit cards, net banking, wallets, and more.

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