Twitter Inc. And Square Inc. Jack Dorsey, co-founder and CEO of Jack Dorsey, will speak at the Bitcoin 2021 conference in Miami, Florida, USA on Friday, June 4, 2021.
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Twitter announced Thursday that it will allow users to use Bitcoin to tip their favorite creators on social networks.
The company introduced a tip as a test feature in May as an experimental method to help creators receive payments from followers for content posted on Twitter. The company announced Thursday that the hints feature will be rolled out globally to all Apple iOS users this week and will be available to Android users within a few weeks.
Previously, users could use traditional payment services such as Square’s Cash app and PayPal’s Venmo to tip in fiat currencies. Twitter will integrate the Strike Bitcoin Lighting Wallet Service to allow creators to receive Bitcoin tips. The company will also allow users to add Bitcoin addresses to send and receive tips for these cryptocurrencies.
Twitter does not reduce the amount of money sent via the hints feature.
Given that CEO Jack Dorsey is one of the loudest supporters of cryptocurrencies, Bitcoin’s integration into Twitter’s hints feature is not surprising.
In the last few months, Dorsey has tweeted that she is challenging Bitcoin mining. He thinks there is nothing more important than Bitcoin to tackle, and even says he hopes Bitcoin will bring about world peace.
In addition, Twitter said Thursday that it is also experimenting with the ability to allow users to authenticate and refer to a collection of NFT digital assets on social networks. The company doesn’t provide any details or details about this blockchain project, but says it’s another way to support creators creating digital art.
In addition to blockchain, Twitter has also announced plans to launch a creator fund for users hosting Spaces audio rooms as a way to encourage more live audio events. Last year, the company debuted Spaces. This is a feature that allows users to listen to and chat with others in a voice-only virtual room. The company hopes that future funds will allow more users to host live audio events on Twitter.