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Nexo

Twitter Integrates Bitcoin And Lightning In Tips Feature Update

Tony Spilotro by Tony Spilotro
8 months ago
in Bitcoin
0

Social media superpower Twitter announced today its plans to begin a rollout of a Bitcoin tipping feature starting this week with iOS devices, and then later “in the coming weeks” with Android handsets.

Using the new feature, users will be able to tip their favorite content creators, analysts, traders, influencers, and more. It also is yet another way the cryptocurrency is rapidly gaining visibility with the entire world thanks to Twitter CEO Jack Dorsey.

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Jack Dorsey’s Ongoing Bitcoin Support Extends To New Tips Feature

Jack Dorsey is one of Bitcoin’s biggest supporters today. He most recently went head-to-head with Cathie Wood and Elon Musk during the B-Word. His contributions are enough to rival even Hal Finney, who helped Satoshi get the young cryptocurrency off the ground.

His company Square, Inc. holds BTC as part of a corporate treasury strategy and is working on a cryptocurrency wallet. CashApp pushes BTC to the masses. And now Twitter will support Bitcoin as part of its Tips feature.

Related Reading | Comparing Bitcoin Blockchain Data Size To Today’s Hottest Tech

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The company first began testing the tipping feature this past May. Twitter users can use it to tip their favorite content creators or anyone they follow.

During the test, users could tip with fiat currencies using Square’s CashApp or competitor Venmo. To take advantage, users will need to input a BTC address to be able to send or receive tips based in cryptocurrency.

BTCUSD_2021-09-23_16-51-26

Bitcoin continues to climb, and adoption like this helps it along | Source: BTCUSDT on TradingView.com

Twitter To Leverage Strike Lightning Network, Promote Frictionless Financial Inclusion

Twitter made the announcement today via an official company blog post, where it explained that Twitter users regularly add links in their bios so followers can help support them. Now this is built direction into Twitter.

Twitter has partnered with Jack Mallers’ Strike lightning wallet on the integration. As part of the Twitter Tips launch, Strike has debuted their Strike API platform to “serve marketplace and merchant businesses” like the social media company.

In addition to adding Bitcoin, the social media giant also added Brazilian payments platform PicPay and GoFundMe, which join the likes of Venmo, CashApp, Bandcamp, Patreon, and more.

Related Reading | Nelson Saiers’ Inflatable Bitcoin Rat Is Back To Take On The Fed

“We want everyone on Twitter to have access to pathways to get paid. 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 explained as to why they chose to support Bitcoin.

Tipping rolls out starting this week, and is only available to users 18 and older.


Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com
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Tony Spilotro

Tony Spilotro

I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally – to future generations. My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets. It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say. Please follow me on Twitter and feel free to drop me a line if you would like to work together.

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