Twitter has reportedly added Bitcoin to its “tip jar” service in a limited beta update
Twitter users may soon be able to tip each other with Bitcoin
While Twitter is yet to officially announce the feature, more than two sources reported that it has been included in a limited beta release which has been made available to a limited number of users so far.
Twitter launched its “Tip Jar” service earlier this year and this service allows users to connect their Twitter profile to payments services like Square’s Cash App, Patreon, PayPal, and Venmo to support content creators; Bitcoin tipping feature may also be added to this service.
According to the screenshot, the feature will use the Lightning Network, a Layer Two payment protocol built on the Bitcoin blockchain. Lightning is popularly used to make micropayments on Bitcoin.
Twitter founder and CEO Jack Dorsey is known for his enthusiasm for Bitcoin. He has described it as the best candidate for the “native currency” of the Internet in the past.
Besides running Twitter, Dorsey is also the CEO of Square, a Bitcoin-friendly financial payments company valued at $100 billion. Square has placed several big bets on Bitcoin in recent months. The firm made a $50 million purchase in 2020, before purchasing another $170 million worth earlier this year. Square is also planning to roll out a decentralized exchange for Bitcoin trading, as well as a Bitcoin-based hardware wallet.