Twitter will allow users to send and receive Bitcoin tips

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Four months after Twitter first introduced tips in the app, the company is significantly expanding its tip jar functionality. The company is opening tips to all of its users worldwide and will for the first time allow users to tip and receive Bitcoin.

With the update, Twitter users around the world will have access to tips, which allows them to send money to each other through apps like Venmo, Cash App or Bandcamp, GoFundMe and PicPay, a platform Brazilian mobile payment system. Twitter users in the United States and El Salvador will have the additional ability to send and receive tips with Bitcoin through Strike, a person-to-person payment app built on the Bitcoin Lightning network. People in other countries will be able to receive advice via their Bitcoin address.

As with tips using traditional unencrypted platforms, Twitter will not take a share of tips exchanged between users. Tips are rolling out to all iOS Twitter users starting today and will be available on Android in the coming weeks.

Twitter will activate the Bitcoin tip through the Strike platform.

Twitter sees the change as an extension of its recent work to empower creators on its platform. We want everyone to have access to lanes to get paid, Esther Crawford said on Twitter on a call with reporters. 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 help us get there.

The move is also Twitter’s first big step into cryptocurrency, of which founder Jack Dorsey was a major supporter. Crawford, who leads the company’s creator monetization efforts, also said the company is in the early stages of exploring an NFT authentication service, which would allow users to view art. NFT on their profile.

Those plans are still in the experimental stage, but the idea is to support the creators of NFT by giving them a way to feature NFTs on Twitter and provide details of their ownership, Crawford said. By allowing people to directly connect their crypto wallets, we can track and showcase our NFT property on Twitter, she said. It’s unclear exactly what that would look like, but she said it could come in the form of a badge or other visual cue. We want it to be visually clear that this is a[n] authenticated avatar and, then give you interesting information and information about the provenance of this NFT.

Twitter has experimented with NFTs or non-fungible tokens in the past. The company recently released its own collection of NFTs, and Dorsey sold an NFT of its first tweet for $ 2.9 million earlier this year.

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