Twitter Starts Letting Users Tip Creators With Bitcoin

11shares

After testing, Twitter is rolling out its Tips feature on iOS, allowing users to also tip creators in Bitcoin via Strike.

As part of Twitter’s plan to expand into cryptocurrencies, the social media platform announced last week that users on iOS can now tip content creators using Bitcoin.

Tipping creators in digital currencies is made possible with Twitter’s Tip Jar, a feature that began rolling out on the platform back in May.

Earlier this month, the social network’s head of consumer product, Kayvon Beykpour, mentioned that the platform was working on the ability to receive tips in Bitcoin.

⚡️🔜 https://t.co/EumSmM9caR
— Kayvon Beykpour (@kayvz) September 1, 2021

The ability to send and receive payments in the digital currency has so far been tested with only a small group of users but is now available globally to iOS users via Tips.

tested the Tips feature, turns out people love money
rolling out on iOS with Android coming soon pic.twitter.com/pkmLHzg6fu
— Twitter (@Twitter) September 23, 2021

“We believe we can continue to incentivize the types of conversations that people want to see,” said Esther Crawford, product lead for creator monetization at Twitter, in a briefing with reporters.

Crawford added that Tips would be available for any creator with the Tips function set up, connecting their Cash App, Patreon, Venmo, and other platforms.

To pay creators, users visit their profile and click on the new Tip icon, which will take them to an external site to select the app they wish to send the funds with. To send Tips in Bitcoin, they can use Strike, a Bitcoin payments app available in El Salvador and most of the US.

Twitter will also notify creators when they receive a Bitcoin Tip and reveal who they received the tip from so that the creator can straightway thank the tipper in a tweet or a private message.

“We want everyone on Twitter to have access to pathways to get paid,” Crawford wrote. “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 is launching the ability to tip creators in Bitcoin via Strike, and working on authenticating NFT ownership on its platform.

Click To Tweet

According to Twitter, it will not charge fees in Tips.

In addition to the above, Twitter also plans to let users verify ownership for their NFTs by allowing them to connect their crypto wallets. Verified ownership will provide a special badge to the tweeted NFTs.

Commenting on the ability to authenticate NFTs on Twitter, a company spokesperson told The Verge that Twitter plans to support verification of NFTs by allowing people to link to their crypto wallets: “NFT authentication will come in the form of a badge, shown on profile pictures, marking the owner’s NFT as authentic.”

Featured image: Twitter