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FORBES: "Twitter Adds Tipping With Bitcoin As It Rolls Out Tipping To All Users".

Topline

Twitter users will now be able to tip content creators in bitcoin, and the social media giant is expanding its pilot tipping feature globally, a move meant to help creators monetize their content on the platform.

BRAZIL - 2020/12/23: In this photo illustration the close-up of the Twitter website seen displayed ... [+] on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Key Facts

After beginning to test tipping in May, Twitter said it was rolling out the feature to all Apple iOS users Thursday, and it will be introduced to Android systems soon.

Twitter will enable users to send and receive bitcoin via the payment app Strike.

The social network is also developing a feature that would allow users to authenticate nonfungible tokens, which some Twitter users already use as their profile pictures – a decision the company said is intended to support digital artists. 

Crucial Quote

“We recognize it is still early days for digital currencies, but we think that that’s the future,” said Esther Crawford, Twitter’s product lead for creator monetization, according to Bloomberg.

Key Background

Twitter’s CEO, billionaire Jack Dorsey, is a vocal advocate of bitcoin, saying he hopes it “creates world peace or helps create world peace” during a webinar in July. He has even said, “there is nothing more important in my lifetime to work on” than bitcoin.

Tangent

Bitcoin is the No. 1 cryptocurrency by market capitalization at around $846 billion as of Thursday, according to CoinMarketCap.

Further Reading

Twitter enables tipping with Bitcoin, plans to let users authenticate NFTs (The Verge)

Go to forbes.com
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