Friday, September 17, 2021

Twitter is reportedly planning on facilitating bitcoin payments.

The Takeaway:

According to an accumulation of reports, Twitter appears to be testing out the inclusion of Bitcoin on the Lightning Network for its tipping feature.

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Earlier, The Block reported that the social media giant Twitter appears to be testing out the inclusion of Bitcoin on the Lightning Network for its tipping feature, according to an accumulation of reports. Mobile developer Alessandro Paluzzi’s recently leaked image of the current Twitter beta has reinstated the incorporation of Bitcoin in Twitter’s tipping service. It reveals that Twitter’s upcoming BTC tipping service is presently in testnet mode. 


Twitter appears to integrate bitcoin payment for tipping feature. 

The market speculation of the tipping function based on reports has mentioned the utilization of the Lightning Network to make smaller bitcoin payments. Furthermore, this integration will turn back both custodial and non-custodial wallets. Reports have also mentioned the ‘Bitcoin Lightning App Strike,’ which will essentially facilitate the generation of bitcoin invoices. Henceforth, if Twitter users desire to use the BTC tipping service, they will also be required to create a Strike account. Jack Dorsey is a well-known bitcoin enthusiast and has been working to make bitcoin more mainstream.


Jack Dorsey hinted at integrating bitcoin earlier. 

Twitter CEO Jack Dorsey’s statement back in July made it clear that the internet’s native currency, Bitcoin, will be incorporated in the platform’s upcoming strategies for innovation technology. During Twitter’s Q2 Earnings Conference Call, CEO Jack Dorsey stated that Bitcoin would be a “big part” of the microblogging company’s future. His comments speculated a bitcoin integration into Twitter services, which is now starting off with its tip jars. “If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet…I think this is a big part of our future,” Jack had said. 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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