Twitter, four months after the first announced in-app tipping, is expanding its “tip jar” feature. The company is opening up tipping to all its users globally, allowing users to send and receive tips in Bitcoin.
Four months after the American microblogging and social networking, Twitter became the first to announce their new in-app tipping feature. The platform now allows tipping to users globally, and also in the form of Bitcoins and other crypto options.
The update will allow users to send each other cash through apps like Venmo, Cash App, or Bandcamp, GoFundMe and PicPay, a Brazilian mobile payments platform.
The United States and El Salvador will have the additional option of sending and receiving tips with Bitcoin via Strike. Strike is a person-to-person payments app built on the Bitcoin Lightning Network. People in other countries will be able to receive tips via their Bitcoin address.
As with tips using traditional, non-crypto platforms, Twitter won’t take a cut of tips exchanged between users. Tipping is rolling out to all of Twitter’s iOS users beginning today, and will become available on Android “over the coming weeks.”
“We want everyone to have access to pathways to earn. 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.”Twitter’s creator of monetization, Esther Crawford said.
NFTs have recently boomed in popularity as a way to buy and trade digital art on the Ethereum blockchain. A few months ago, the main Twitter account did a giveaway of NFTs that were minted on a marketplace called Rarible. Dorsey sold an NFT of his first tweet for $2.9 million earlier this year.
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