Twitter reportedly working on Bitcoin tipping feature

Twitter reportedly working on Bitcoin tipping feature

Twitter is reportedly laying the groundwork to enable Bitcoin (BTC) tipping for content creators.

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 by Cointelegraph, Twitter CEO Jack Dorsey had previously hinted that Bitcoin tipping was in the works.

Our top trading bots

Twitter introduced Tip Jar back in May as a way for users to reward content creators on the popular social media platform.

If the reports of Bitcoin tipping are true, then BTC will be added alongside Cash App, PayPal and Venmo as acceptable payment options on the Tip Jar.

As part of the rollout, Twitter may provide a brief tutorial about Bitcoin and the Lightning Network. According to a portion of the text quoted by MacRumors, the Bitcoin tipping feature will utilize Lightning Network payment gateway Strike to “generate Bitcoin Lightning invoices.”

The tutorial may also include information about concepts such as custodial and non-custodial wallets for storing Bitcoin.

Related: Jack Dorsey says he will integrate Lightning Network into Twitter or BlueSky

A Bitcoin tipping feature on Twitter is only the latest in a string of BTC-focused adoption developments for the social media giant and for Dorsey himself. Earlier in August, the Twitter and Square chief announced plans to build a decentralized exchange for Bitcoin.

Dorsey has previously described Bitcoin as being the key to Twitter’s future while stating the company’s intention to integrate BTC into services like commerce and subscriptions.

Bitcoin tipping on Twitter via Lightning Network will also confirm plans to integrate LN into the social media platform that first started back in June. The move could also bring crypto token tipping to the mainstream in fulfillment of one of the several use cases for cryptocurrencies espoused by proponents.

In July, Dorsey also revealed that Square was developing an “assisted custody” hardware wallet for Bitcoin.

Read on concerning Cointelegraph
MIT adds the Bank of England to its stable of CBDC digital currency research partners
The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative,...
If the glass slipper doesn’t fit, smash it: Unraveling the myth of gender equality in crypto
Crypto’s reputation as a boys’ club does not come as a surprise: It sits at the very intersection of tech and finance, perpetuating the legacy of “bro culture”...
Terra price gains 75% in February as $2.57B in LUNA tokens removed from supply
Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the...
3 reasons why Lido DAO Token could be on the verge of breaking its downtrend
Ethereum (ETH) and decentralized finance (DeFi) are undergoing a seismic shift as the transition to Eth2 and a proof-of-stake consensus mechanism is helping...
LeBron James and Crypto.com team up for blockchain education initiative
In a press release published Friday, three-time NBA champion and Los Angeles Lakers forward LeBron James will partner with digital currency exchange Crypto.com...
Top Bitcoin mining country Kazakhstan turns off internet amid protests
Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests.Network...
Robinhood enables US users to gift crypto for the holidays
Trading app Robinhood has announced that its users will be able to gift friends and family crypto over the holiday season.In a Thursday announcement, Robinhood...
Data shows Polkadot crashes after reaching $1B open interest — Will it happen again?
Whenever there is relevant growth in the number of derivatives contracts currently in play (open interest), it usually means that more traders are involved....
Price analysis 10/15: BTC, ETH, BNB, ADA, XRP, SOL, DOT, DOGE, LUNA, UNI
Bitcoin (BTC) rose within a few steps of $63,000 today for the first time since April 18. The recent surge in the price may have been caused after various...
Value locked in DeFi grows 936% in one year, NFT sector strengthens: DappRadar
New research by analytics platform DappRadar has revealed the extent to which decentralized finance and nonfungible token (NFT) markets have grown this...
Proposed bill in Iran could ban all foreign-mined cryptocurrencies
A new bill drafted by the Iranian Parliament Commission on Economy aims to restrict the use of cryptocurrencies within the country while providing a clearer...
Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE
E-commerce merchants can now transact in nearly 40 cryptocurrencies through global payment platform Nuvei. According to the announcement, merchants partnered...
Price analysis 3/26: BTC, ETH, BNB, ADA, DOT, XRP, UNI, THETA, LTC, LINK
Glassnode data shows Bitcoin (BTC) exchange reserves on Coinbase have dropped by about $8 billion. This indicates that institutional investors are locking...
JPMorgan CEO Jamie Dimon Calls Bitcoin a Scam, Again
Jamie Dimon, the top exec of the American investment bank JPMorgan Chase, remains one of the bitcoin bears. Last year he publicly called the “Big Daddy”...
Altcoin to Invest: Litecoin
Since 2013 Litecoin has received recognition and became known as the "digital silver." The growing popularity of Litecoin was a useful phenomenon for all...