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jack dorsey invests in coinlist

You Can Now Tip Twitter CEO Jack Dorsey Using Bitcoin’s Lightning Network

Esther Kim
by Esther Kim
Last Updated: February 21, 2019 3:03 am
·
Posted in News, Bitcoin, Bitcoin Businesses, Bitcoin Technology, Companies, News teaser
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Twitter CEO Jack Dorsey has installed and publicly praised a consumer-grade tool for receiving tips via Bitcoin and the Lightning Network (LN).


Dorsey Embraces Bitcoin

In tweets February 20, Dorsey, who has come out highly bullish on both Bitcoin and more recently LN, continued his advocacy of the technology by championing Tippin.me.

Tippin subsequently reached the top 225,000 most visited sites in the US and top 500,000 worldwide.

The tool, which launched in January, first gained fame as the platform used for the Lightning Torch transaction relay which first grabbed Dorsey’s attention earlier this month.

“I hooked this up and already got tipped some satoshis,” he wrote, showing his balance as a princely 49 cents worth of satoshis.

pic.twitter.com/KKeymACOw8

— jack (@jack) February 20, 2019

The move saw immediate praise from LN supporters. The Twitter user known as hodlonaut, who began Lightning Torch, repeated calls for Dorsey to add LN functionality to Twitter direct.

In the meantime, the Lightning network tip worked instantly when we sent him 500 sats (about 2 cents):

Lightning Tips Debut On Twitter

The idea had come about following Dorsey’s participation in the relay, the CEO hinting in a later podcast with Lightning Labs CEO Elizabeth Stark that the technology would in fact be coming to his other venture Square in the future.

“We would love to make [Bitcoin] as fast and efficient and transactional as possible, and that includes looking at our seller base and register,” he said at the time.

It’s not an ‘if;’ it’s more of a ‘when’ – how do we make sure that we’re getting the speed that we need and the efficiency?

As Bitcoinist reported, the latest spotlight for Lightning comes as more and more easy-to-use products and services begin to emerge for lay consumers.

In addition to ordering pizza in the US via Lightning Pizza, Tippin.me is now available for Twitter users as a new Google Chrome and Firefox browser extension.

“Not only the Twitter experience completely changes but it also open limitless future scenarios,” developers promised.

What do you think about Jack Dorsey using Tippin? Let us know in the comments below!


Images courtesy of Shutterstock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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