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Tip Jar

Twitter’s in-app tipping feature is now available on Android

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Android

After making its “tip jar” feature available to all iOS users over the age of 18, Twitter has now made it available for Android users as well. You can contribute money to the creator’s Cash App, Patreon, Paypal, Bandcamp, and Venmo accounts immediately from within the app if you see a particularly interesting or instructive … Read more

Twitter reportedly working on a Bitcoin tipping feature

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Twitter

Twitter has reportedly launched a Bitcoin tipping in a limited beta release. Twitter users may be able to tip each other using Bitcoin in the near future.

Whereas Twitter is yet to officially publicize the feature, MacRumors has reported that it has been contained within a limited beta release.

Distinctly, mobile developer Alessandro Paluzzi also leaked a picture of what looks like a feature letting users “receive tips in Bitcoin.” The beta release has reportedly been made available to a partial number of users so far.

Bitcoin tipping may be added to the “Tip Jar” service Twitter launched earlier this year. Presently, Tip Jar lets users join their Twitter profiles to payments services like Square’s Cash App, Patreon, PayPal, and Venmo to support content creators.

The Lightning Network, a Layer Two payment protocol based on the Bitcoin blockchain, would be used for the feature, as per the screenshot. Micropayments on Bitcoin are commonly made with Lightning.

It uses state channels to allow quicker Bitcoin payments with lesser fees than the main Bitcoin network. Instead of downloading the full Bitcoin customer bulge, Lightning supports light clients for rapid syncing.

CEO Jack Dorsey, founder of Twitter is known for his interest in Bitcoin. He has defined it as the best entrant for the “native currency” of the Internet in the past.

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Bitcoin will be a key part of Twitter’s future, according to Jack Dorsey

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Bitcoin

Over the last few years, Twitter CEO Jack Dorsey has been a big supporter of Bitcoin. He and Jay Z just formed a Bitcoin fund. In a recent development, Dorsey stated that Bitcoin, together with decentralization (In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity) and artificial intelligence, will be the future of the company.

If the internet had a native currency, he claims, products like subscription, Commerce, Tip Jar, and Super Follows will be able to move faster.

“I think this is a big part of our future. I think there is a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentives. So I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it” he said.

Dorsey stated on Twitter’s second-quarter earnings call that Bitcoin is the greatest asset to become the internet currency and that once this is established, the company would be able to expand its product line more quickly.

This is the first time Dorsey has openly discussed Bitcoin integration into Twitter’s products, according to a Twitter spokesperson.

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Twitter users can now enable Tip Jar to monetize their content

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Twitter has launched a new feature named ‘Tip Jar,’ which allows users to gain money by receiving tips from their followers. Tip Jar will be open to a small community of users, including artists, writers, experts, and nonprofit organizations. Only those who use Twitter in English will be able to use it. Twitter would also … Read more

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