Will Twitter integrate BTC as a payment method on its platform soon?
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Answer Will Twitter integrate BTC as a payment method on its platform soon?
In May, Twitter said in a statement:
You lead the conversation and the conversations and we have to make it easier to support each other beyond Follows, Retweets and Likes.
Today, we’re introducing a Tip Jar a new way for people to send and receive tips and tips.
There have been many reports, none of which have been confirmed or denied by Twitter, that Twitter is likely to include Bitcoin in its new service for content creators.
according to “Mac rumorsThe platform is currently testing the feature on the iOS Beta operating system.
The official statement from Twitter stated:
Read:How will the Ethereum integration upgrade affect stablecoins and DeFi protocols?
Twitter’s latest beta update introduces support for giving creators giveaways and gratuities in the form of bitcoin using the “Tip Jar” feature that Twitter introduced earlier this year.
Currently Bitcoin is not available as an option for beta users.
However, the code in beta seems to indicate that Twitter is in the process of rolling it out in the future.
Before and after the update:
Previously, Twitter allowed users to add “Bandcamp”, “Cash App”, “Patreon”, “Paypal” and Venmo links to their Twitter profiles.
According to a Twitter update, the tipping function will use the Lightning Network to make smaller Bitcoin payments.
It will support third-party wallets.
Shortly after the first reports appeared, developer Alessandro Palozzi tweeted a screenshot about the new service expected to be introduced by Twitter soon, after it appeared on the Twitter application, stating:
#Twitter Working on getting advice on # bitcoin 👀 pic.twitter.com/uycD3qsR5F
– Alessandro Paluzzi (@alex193a) September 1, 2021
We use Strike to generate Bitcoin Lightning bills so you’ll need to link your account to accept Bitcoin tips.
Read:Learn about the story of an old woman who turned a $3,000 Bitcoin investment into $320,000
Jack Dorsey, Twitter’s CEO, had previously hinted at the move in July.
Such a move could bring cryptocurrencies into the mainstream, achieving one of many cryptocurrency use cases.
Read:Study: 91% of American consumers have heard of cryptocurrency
However, the report mentioned in the aforementioned source concluded that it is not yet clear when the Bitcoin tip feature will see an official release.
community reaction:
If the above reports are confirmed, Layer 2 solutions will grow even more.
In fact, according to some like analyst Philip Swift:
If the rumors are true that Twitter will soon offer small payments for Bitcoin on the platform via the Lightning Network, expect a lot after this move.
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