Twitter is rolling out its Bitcoin tipping app via Lightning for iOS users. Twitter has enabled Bitcoin tipping for iOS users today as part of its “fans monetization” strategy. With the news, the BTC price moved towards $ 45000. Twitter also plans to introduce an NFT authentication feature, but it’s still early for this product. Details cryptocoin.com‘in.
Bitcoin tip app
After rumors circulated earlier this month, social media platform Twitter has officially launched its worldwide tipping function with an included Bitcoin integration via the Lightning network. The increase after the news The last BTC rose to $ 44930. Clicking on the feature allows users to tip creators through third-party services like CashApp, run by Square, a payment company founded by Jack Dorsey. However, in an effort to make monetization accessible in places that do not have easy access to fiat, users will also be able to tip in Bitcoin. The Bitcoin component will use the Lightning Network, which is a two-tier solution. Users can add their Bitcoin Lightning wallet or Bitcoin address to enable the sending and receiving of tips in Bitcoin. For now, the integration is only available to iOS users, but Android has promised to come soon, said Crawford, product manager.
The Twitter product team is still exploring ways to enable worldwide payments in various countries, but using Bitcoin for tipping mitigates that, according to Crawford. “We want everyone to have access to ways to get paid digital currency that encourages more people to participate in the economy and helps people send money to each other across borders and get us there with as little hassle as possible,” Crawford said at a press conference.
Earlier this month, mobile developer Alessandro Paluzzi leaked an image of his Twitter product showing the beta version of Lightning’s integration with Tips. In a statement of its findings, he said the integration will use the Lightning-focused Strike app. Paluzzi has also previously posted screenshots showing interfaces that allow users to add Ethereum addresses to their profiles. Today’s rollout only includes Lightning/Strike integration. Ethereum was not mentioned during the briefing, but a Twitter spokesperson later confirmed that the team is investigating the integration of other cryptocurrencies with Tips, with “more” in the future. Crawford also said that Twitter continues to explore crypto integrations across its products. “There is a lot of internal enthusiasm and dialogue about how we can integrate crypto into these different monetization features,” Crawford said during the briefing.
NFT project
Twitter is also exploring Blockchain-based tools outside the scope of monetization. Crawford shared that the team is also in the early stages of exploring immutable token (NFT) authentication. Users will link their crypto wallet directly to their account to prove ownership of a piece of art. According to Crawford, this will convey authenticity, and the integration will likely include some form of resource annotation. To be clear, Twitter is in the early stages of the NFT project. Images of the authentication – such as whether a badge will appear on an owner’s profile or whether the NFT avatar has a different shape – have yet to be determined. “We’re interested in somehow making it visually clear that this is an authenticated avatar, and then we give you some interesting facts and insights into the origin of this NFT, so that’s where we’re at today,” Crawford said.
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