Twitter allows users to tip in bitcoins, becomes first social platform to allow crypto

Twitter said on Thursday that users will soon be able to tip their favorite artists on the social media platform using bitcoin.

In May, the company launched tipping as a test tool to see if it might let creators earn money from their audience for the content they share on Twitter. The company announced on Thursday that its Tips function will be available to all Apple iOS users this week, followed by Android users in the coming days.

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Customers could previously tip with fiat cash using more conventional payment systems such as Square’s Cash App and PayPal’s Venmo. The Strike bitcoin lighting wallet service will be integrated with Twitter so that creators may get bitcoin tips. Users will also be able to enter their bitcoin wallet address in order to send and receive these crypto tips.

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Twitter does not take a percentage of any money given via its Tips function. Given that Twitter CEO Jack Dorsey is a strong supporter of cryptocurrencies like bitcoin, the addition of bitcoin to the tip feature is not surprising.

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Dorsey has recently tweeted that he is dabbling in bitcoin mining. He has stated that he believes there is nothing more essential to work on than bitcoin, and he has even stated that he believes bitcoin will bring about world peace.

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Twitter also said on Thursday that it is testing a feature that would allow users to verify and display their collections of NFT digital goods on the social network. The business did not give much information or specifications about this blockchain initiative but stated that it is another method to assist digital art creators.

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In addition to blockchain, Twitter announced plans to provide a creator fund for users who host Spaces audio rooms in order to encourage more live audio events. Last year, the firm introduced Spaces, a feature that allows users to hear and communicate with others in audio-only virtual rooms. The firm believes that the forthcoming fund would encourage more Twitter users to conduct live audio events.