A latest beta version of the popular social platform indicates that users will soon be able to count on a Bitcoin tipping functionality that will work in partnership with Strike.
It appears that soon Twitter users will be able to send and receive Bitcoin tips via the Lightning Network .
According to recent reports, the social media giant led by Bitcoin enthusiast Jack Dorsey (also CEO of Square ) is working to add cryptocurrency tipping functionality to its platform.
According to the MacRumors website , which reports Mac and Apple related news and rumors, the latest beta version of Twitter iOS introduces support for awarding Bitcoin content creators using the “Tip Jar” tipping feature, which Twitter introduced to early this year. In a post yesterday, they detailed that the functionality will leverage the Lightning Network, the second layer solution that facilitates Bitcoin micropayments:
Details in the latest beta version of Twitter indicate that users will be guided through a Bitcoin tutorial that includes details on the Bitcoin Lightning Network and custodial and non-custodial Bitcoin wallets .
For his part, mobile developer Alessandro Paluzzi shared a leaked image showing what Twitter’s new tipping service will look like. Known for revealing mobile app updates in advance, Paluzzi took to Twitter to reveal the information:
Twitter works to add Bitcoin tips
Twitter introduced Tip Jar in May as a way for users to reward content creators on the popular social media platform. If the Bitcoin tip reports are true, then the flagship cryptocurrency will be added along with Cash App, PayPal, and Venmo to the acceptable payment options in Tip Jar.
The leaked image suggests that Twitter is working closely with the Strike app, which is integrated with Lightning, and will use the service to generate Bitcoin invoices. As a result, Twitter users will need a Strike account to receive suggestions. The MacRumors report also confirmed the association with this app.
The publication also added that the social network has highlighted Strike, Blue Wallet and Wallet of Satoshi as examples of custodial wallets and Muun, Breez , Phoenix and Zap as examples of non-custodial wallets.
Twitter is also reportedly working to add other reactions such as “I’m amused“, “I like it” and “Sad” to its current “I love it” button. However, all of these features are limited to the beta version only and the official release date for the new Bitcoin tipping feature is unknown . The company has also not made an official announcement.
Commitment to Bitcoin
The news about the development of a new function with Bitcoin is not surprising. The CEO of Twitter had already advanced in June the possibility of integrating the social network platform with Lightning Network for a service of this type . ” It’s just a matter of time, ” Dorsey had written when a user suggested the integration.
A Bitcoin tipping feature on Twitter is just the latest in a series of adoption developments focused on the major cryptocurrency for the social media giant, as well as Dorsey himself.
A few days ago, the CEO of Twitter announced plans to build a decentralized exchange (DEX) for Bitcoin. The statements came shortly after Dorsey described Bitcoin as the key to the future of Twitter. He has also advanced his intention for the company to integrate the digital currency in services such as commerce and subscriptions.
On the other hand, Square committed this year to the development of a hardware Bitcoin wallet. The payments company, also led by Dorsey, also has its own dedicated cryptocurrency team, Square Crypto , and has Bitcoin on its balance sheet.