The Twitter Beta mode showcases the new option to send money via Bitcoin.
Remember when Twitter introduced the ‘Tip Jar’ function to the world? At the time, the social media giant said that they wanted to make it more convenient for people by adding an option for strangers or supporters to donate their money to accounts. As of now, only selected payment options are available on the platform. But soon, Twitter is expected to add Bitcoin too.
Twitter Bitcoin collaboration
For the past months, Twitter CEO Jack Dorsey has been a vocal fan of cryptocurrencies, most especially Bitcoin.
Last July, the CEO was quoted saying that Bitcoin will be a “big part” of the future in the long run. At the time, he promised the public that he will implement Bitcoin on existing and new product offerings of his company. One example is the Twitter’s ‘Tip Jar’ function.
“If the internet has a native currency, a global currency, we are able to 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 because of that instead of going down a market-by-market-by-market approach,” Dorsey explained. “I think this is a big part of our future.”
Impressively, Dorsey seemed to be committed to its earlier promise. Before the month of September arrived, MacRumors reported that Twitter is trying a new Beta for Tip Jar. Instead of using selected payment options like Bandcamp, Cash App, Patreon, PayPal, and Venmo; the company is now planning to add cryptocurrencies to its options.
Details in the latest beta said that the option will also include a general Bitcoin tutorial for those people who do not understand its functionality. Such tutorials also add information about Bitcoin Lightning Network and custodial and non-custodial Bitcoin wallets.
So far, beta users who tried the reported Bitcoin option said that the Strike app is needed for its transaction. It says there that, “We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect your account to accept Bitcoin tips”
When is this available?
Unfortunately, just like any other beta mode feature, the said Bitcoin option is not yet available for everyone. In fact, it is also unavailable for all beta users out there. There is also no information on when the Bitcoin functionality will be implemented on the platform.
The only thing we can do right now is to wait for a while.
What is Twitter’s ‘Tip Jar’?
You’re probably wondering what is Twitter Tip Jar. As mentioned earlier, last May, the Twitter Tip Jar was launched to the public. According to its official press release, the said feature allows anyone on Twitter to send money to support anyone’s work or give donations.
As said, it is “a new way for people to send and receive tips.” Here’s a quick explanation of how it works:
You’ll know an account’s Tip Jar is enabled if you see a Tip Jar icon next to the Follow button on their profile page. Tap the icon, and you’ll see a list of payment services or platforms that the account has enabled. Select whichever payment service or platform you prefer and you’ll be taken off Twitter to the selected app where you can show your support in the amount you choose.