Leak Suggests Twitter Working on Bitcoin, Ethereum Tip Jar

Screenshot shows options to add crypto wallets to Twitter account

September 2, 2021 05:31 pm

Source: Shutterstock

key takeaways

A leaked screenshot from a beta version of the latest iOS version of Twitter’s app shows options for adding your bitcoin or ethereum wallet address for crypto tips
Twitter and Square CEO Jack Dorsey has been a vocal bitcoin evangelist, and pushing for crypto adoption in both Twitter and Square

Soon you will be able to tip your favorite Tweeters in bitcoin, if a leak of a beta build of the new Twitter app for iOS is accurate.

Loading Tweet..

According to the leaked iOS screenshots, bitcoin and ethereum support for Twitter is coming soon. Reports say that there will soon be a “tip jar” button on a Twitter profile’s page, allowing users to donate to users they find insightful and worthwhile. While the initial version of Twitter’s tip jar allowed for users to add in their Cash App, Patreon, PayPal, Venmo, and BandCap links this is being revised to allow for bitcoin and ethereum.

According to some of the leaked screenshots, Twitter is planning to use the Lightning Network to enable faster payments with lower fees than the traditional bitcoin network.

Twitter and Square CEO Jack Dorsey is a noted crypto bull, putting nearly 6,000 bitcoin onto Square’s balance sheet. Previously, Dorsey had said that bitcoin would be a “big part” of bitcoin’s future.

In late August Dorsey tweeted that Square was working on an “open platform to create a decentralized exchange for bitcoin.”

Decentralized exchanges have become a huge growth area for crypto with the leading DEXs pushing billions in volume all while staffed by a nimble team.

Twitter has not publicly commented on when the feature will be released, nor has it confirmed that it intends to roll this out to the public. However, Twitter product lead Kayvon Beykpour retweeted one of the leaked screenshots with the caption “soon”.

Tags

Newsletter

Blockworks Daily

Upcoming Events

Permissionless III Hackathon

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

learn more

Permissionless III

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

learn more

recent research

Research

Why Solana Mobile Should 100x Their Phone Production

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

by Luke Leasure