Twitter reportedly working on a Bitcoin tipping feature
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.
— Alessandro Paluzzi (@alex193a) September 1, 2021
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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