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What does Twitter's Bitcoin tip look like?

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More and more big companies are embracing encryption.

Twitter will soon support Bitcoin tips and NFT displays.

Original author: Qin Xiaofeng

Original editor: Hao Fangzhou, Odaily Planet

Early this morning Beijing time, overseas social media giantTwitterAnnounced that it would add more payment channels to its Tips feature, along with encryptioncurrency(currentlyBTC) as a payment option. BTC was up $1000 at 44330 on the newsUSDT, edging up 2 percent on the day.

Back in May, Twitter launched a "tipping" test to help creators monetize their followers. Twitter officials say this is a way to inspire creators and help them survive.Hard times.

In the early stages of testing, tipping only works in fiat currency, and users can pay via apps such as Square's Cash App and PayPal's Venmo. In this update, Twitter integrates Strike's bitcoinLightning networkPayment service so creators can accept bitcoin rewards.

Twitter 即将支持比特币打赏和 NFT 展示（附动图）

(Display of Fiat Currency "Tipping")

It should be noted that Cash App actually supports bitcoin transfers, but requires on-chain transfer fees and delays, making it unsuitable as a tipping channel. The Strike Lightning Network offers instant and free payments worldwide. Strike also allows users to make lightning payments directly with bank and debit cards, simplifying the process of exchanging fiat and Bitcoin.

Twitter 即将支持比特币打赏和 NFT 展示（附动图）

(As shown in the Display of Strike "Tipping")

"Strike is available to people in El Salvador and the United States (excluding Hawaii and New York). People in eligible markets must sign up for a Strike account and add their Strike username to receive Bitcoin" tips "over the Lightning network. You can also use any Bitcoin LightningThe walletSend "tips" to someone's Strike account. "Said a Twitter post.

Twitter also warned that users must be at least 18 years old to request, receive or send "gratuities/tips" on Twitter. As gratuities/tips are made through third-party payment services, users must also ensure that their gratuities/tips comply with the terms and conditions of these servicespolicy; Twitter itself will not charge any fees for the funds, although third-party payment services may charge fees.

It's important to note that tipping isn't officially available yet, but will be rolled out globally to all Apple iOS users this week and Android users in the coming weeks.

In fact, Twitter CEO Jack Dorsey has long been one of the strongest proponents of cryptocurrencies, so the move comes as no surprise. Previously, Jack Dorsey tweeted that he was experimenting with bitcoin mining. He said he didn't think there was a more important job to do than bitcoin and even said he hoped it would bring world peace.

In addition, Twitter officials said they were testing a feature that would allow users to authenticate and display their favorites on the social networkNFTDigital assets. The company did not provide many details about the project, but said it was another way to support digital art creators.

However, as one of the world's largest social media, with nearly 200 million daily users, Twitter's addition of Bitcoin payments is a shot in the arm for the crypto market. More and more traditional Internet giants may accept Bitcoin as a payment option in the future.