01 Sep 2021 10:54 AM +00:00

Twitter May Introduce Bitcoin Tipping, Based On Code From iOS Beta

Twitter may soon let its users send bitcoin tips to creators via the Tip Jar, as suggested by code from the latest iOS beta.

First reported by MacRumors, the beta’s code indicated the social media site will use Strike accounts and wallets to send bitcoin tips via the Lightning Network.

Twitter’s CEO Jack Dorsey remains a prominent advocate of bitcoin, having recently announced his company Square will create a decentralised exchange – or DEX – for bitcoin.

Advertisement

Twitter’s Tip Jar May Soon Support Bitcoin

Leaker Alessandro Paluzzi shared further details of the bitcoin integration via an alleged screenshot from the beta.

According to both Paluzzi and MacRumors, Twitter will tell users:

We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect your account to accept Bitcoin tips.

In June 2021, Strike’s Jack Mallers tweeted at Jack Dorsey, stating the company could help Twitter integrate bitcoin.

The Lightning Network is a Layer 2 solution that adds a second layer onto the bitcoin blockchain. This allows for faster transactions between nodes, alongside supporting off-chain transactions.

Advertisement

While the beta code may include mentions of bitcoin tipping, testers cannot yet use the feature.

Dorsey first touted this bitcoin support in Twitter's Q2 2021 earnings call. Dorsey said he thinks cryptocurrency integration will be a big part of Twitter’s future, stating:

If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, commerce, subscription, Tip Jar, and we can reach every single person on the planet because of that instead of going down on market by market by market approach.

Twitter introduced the Tip Jar feature in May 2021 for a limited group of users. It currently supports Bandcamp, Cash App, Patreon, PayPal, and Venmo.

Read More: Bitcoin Taproot Upgrade: When Is The Bitcoin Taproot Date, And What Is It?

[Featured Photo By Jeremy Bezanger on Unsplash]