Bobos & Wojaks

Get Rich Or Die Tryin

Twitter Will Allow Users To Have Bitcoin Addresses On Their Profiles

Twitter developers are working on a new feature that would allow users to receive Bitcoin tips via the Tip Jar function, which the social media company debuted earlier this year.

 

Kayvon Beykpour, Twitter’s product lead, first indicated the feature was in progress on Wednesday when he commented on a screenshot tweeted out by app developer Alessandro Paluzzi. The screenshot appeared to show Twitter using The Lightning Network, a technology that helps secure payment transfers, to allow Twitter users to use Bitcoin when sending tips.

In her original message, Paluzzi stated that Twitter “is working on the possibility to take tips in #Bitcoin.” Later that day, Beykpour quoted Paluzzi’s screenshot, adding a lightning bolt emoji next to one that says, “soon.”

Paluzzi sent out another tweet with three more screengrabs on Thursday. In the first instance, Twitter’s Tip Jar function appeared to provide two additional options: users could send tips by copying a Bitcoin address or one with Ethereum, another cryptocurrency.

 

The second screenshot showed a field where users could enter their own Bitcoin addresses. “People will transfer payments to the Bitcoin address you’ve entered above,” a statement at the bottom of the screengrab said. The third screenshot stated the same thing about the Ethereum addresses of individuals.

 

In early May, Twitter officially launched its Tip Jar feature. Users could exchange links to their Bandcamp, Cash App, Patreon, Paypal, and Venmo accounts as “a new way for people to donate and receive tips” during the initial launch.