Twitter Reportedly Planning to Launch Bitcoin Tipping Service to Reward Content Creators

Popular microblogging platform Twitter will be giving its users the opportunity to tip content creators using Bitcoin (BTC).

In a recent report by MacRumors, the code in Twitter’s latest beta update suggests that the social media platform will be adding Bitcoin to its “Tip Jar” feature.

While the service is currently undergoing tests by a few beta users, Twitter did not state when it will officially rollout Bitcoin tips for public use.

Twitter to Tap Bitcoin Lightning Network

The report further suggests that Twitter users will be educated about how Bitcoin works, with emphasis on the Bitcoin Lightning Network, as well as custodial and non-custodial wallets.

Twitter has chosen to use the Bitcoin Lightning Network to enable users to send smaller payments instantly and at a relatively low cost.

To make this a reality, the code suggests that users of the service will be required to create a Strike account, a Bitcoin payment app, for the initiative.

“We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect to your account to accept Bitcoin tips,” excerpts of the text read.

Recall that Twitter had earlier launched the Tip Jar service to enable its users to tip content creators.

At the time, the service allowed Twitter users the option of linking their Cash App, PayPal, Venmo, Patreon, and Bandcamp accounts to their Twitter accounts to enable them to reward content creators.

Interestingly, Bitcoin will soon be added to the list of supported payment options.

Dorsey’s Support for Bitcoin

In July, Jack Dorsey, Twitter’s CEO, noted to investors that the world’s largest cryptocurrency – Bitcoin – will play an integral part in the company’s future, which will see the asset incorporated into various Twitter products and services.

The move did not come as a shock to many considering the fact that Twitter’s CEO had been a strong advocate of Bitcoin for years.

Not only does Dorsey publicly express his admiration for Bitcoin, which he said reminds him of the early days of the internet, the Twitter boss had also made significant investment in the asset class, including the $23.7 million fund he launched in collaboration with popular Hip-hop star Jay-Z and Lil Wayne.