Twitter earlier this year had introduced a new feature called “Tip Jar,” which lets users send money to others in order to support content creators they follow. Although the platform currently only accepts regular money, the company is working on adding a Twitter Bitcoin tipping feature.
This feature was first revealed by an app developer and researcher Alessandro Paluzzi, who is also known for leaking details about what the social networks have been working on. Alessandro Paluzzi had shared on his Twitter account a screenshot showing how users will be notified about being able to receive Bitcoin tips through the social network.
Twitter is using Strike’s services to generate Bitcoin invoices through the Lightning Network, which should offer faster payments with lower than usual fees for Bitcoin transactions.
What to expect from the Twitter Bitcoin tipping feature?
Before, Twitter used to allow its users to add Bandcamp, Cash App, Patreon, PayPal, and Venmo links to their Twitter profiles. As per the Twitter Beta update, the tipping function will use Lightning Network to make smaller Bitcoin payments. It will support custodial and non-custodial wallets too.
Bitcoin is the world’s first widely-adopted cryptocurrency. It’s a new kind of digital money that lets people securely and directly send money to each other on the internet. The Lightning Network is a technical innovation that allows for faster payments with lower fees than Bitcoin’s primary network. We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect your account to accept Bitcoin tips.Kayvon Beykpour
Twitter’s product leader Kayvon Beykpour confirmed that the social network is indeed working to implement Bitcoin transactions for its Tip Jar platform. It’s unclear, however, when this option will be available to all users. The Twitter Bitcoin Tip Jar currently supports services such as PayPal, Patreon, Venmo, Bandcamp, and Cash App.
Such move could bring crypto, token tipping to the mainstream in fulfillment of one of the several use cases of cryptocurrencies. However, it is not yet clear when the Twitter Bitcoin Tipping feature will be officially released.