Twitter is apparently developing a Bitcoin tipping tool.

 71 Interactions,  2 Today

The next Twitter app update may include Bitcoin tipping via the Lightning Network.

According to reports, Twitter is preparing to introduce Bitcoin (BTC) tipping for content providers.

According to MacRumors, the latest Twitter iOS beta includes lines of code that could see Bitcoin become a part of the “Tip Jar.” Indeed, as previously reported, Twitter CEO Jack Dorsey had previously hinted that Bitcoin tipping was in the works.

In May, Twitter launched Tip Jar as a means for people to reward content creators on the popular social networking platform.

If the claims of Bitcoin tipping are genuine, BTC will be added to the Tip Jar as an approved payment option alongside Cash App, PayPal, and Venmo.

Twitter may deliver a brief instruction on Bitcoin and the Lightning Network as part of the deployment. According to a piece of the text reported by MacRumors, the Bitcoin tipping feature will “generate Bitcoin Lightning invoices” using the Lightning Network payment gateway Strike.

See also  Polygon announces the debut of its blockchain gaming and NFT studio.

The tutorial may also cover concepts like custodial and non-custodial wallets for keeping Bitcoin.

The addition of a Bitcoin tipping tool to Twitter is just the latest in a long line of BTC-focused adoption milestones for the social media behemoth and Dorsey himself. Earlier this month, the CEO of Twitter and Square announced plans to construct a Bitcoin decentralised exchange.

Dorsey has previously stated that Bitcoin is the key to Twitter’s future, as well as the company’s goal to integrate BTC into services like as commerce and subscriptions.

Bitcoin tipping via Lightning Network on Twitter will also confirm efforts to integrate LN into the social media platform, which began in June. The action may also push crypto token tipping into the mainstream, fulfilling one of the many use cases for cryptocurrencies advocated by supporters.

Dorsey also announced in July that Square was working on a “assisted custody” hardware wallet for Bitcoin.


Subscribe to our newsletter


Leave a Reply

Your email address will not be published. Required fields are marked *