Technology

Now you can be paid with Bitcoin to make use of Twitter

now-you-can-be-paid-with-bitcoin-to-make-use-of-twitter

Twitter announced on Thursday that it will now allow users to tip their favorite creators on the social network using Bitcoin.

The company launched tipping as a test feature back in May to experiment to help YouTubers get payments from their followers for the content they post on Twitter. The company announced on Thursday that its Tips feature will be rolled out to all Apple iOS users worldwide this week and will be available to Android users in the coming weeks.

Previously, users could tip fiat currency using more traditional payment services like Square’s Cash app and PayPal’s Venmo. Twitter will incorporate the Strike Bitcoin Lighting Wallet service so creators can get Bitcoin tips. The company will also allow users to add their Bitcoin address to send and receive these cryptocurrency tips.

Twitter doesn’t take any of the money sent through its tips feature.

The integration of Bitcoin into Twitter’s tip function is hardly surprising considering CEO Jack Dorsey is one of the most vocal proponents of the cryptocurrency.

It was only in the past few months that Dorsey tweeted that he was trying his hand at Bitcoin mining. He said he doesn’t think there is anything more important than Bitcoin and he has even said that his hope is that Bitcoin will bring world peace.

Read more about cryptocurrencies from CNBC Pro

In addition, Twitter announced on Thursday that it was also experimenting with a feature that would allow users to authenticate and showcase their collections of NFT digital assets on the social network. The company didn’t provide many details or specifics about this blockchain project, but said it was another way to support creators who are making digital art.

In addition to blockchain, Twitter also announced its plans to set up a Creator Fund for users who host Spaces audio rooms to incentivize more live audio events. Last year the company introduced Spaces, a feature that allows users to hear and chat with others in virtual rooms with only audio. The company hopes the upcoming fund will encourage more users to host live audio events on Twitter.

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