How to Use Twitter’s New Bitcoin Tipping Feature
Twitter’s New Bitcoin Tipping Feature if you are a Twitter user and have been looking for a way to monetize your content on the social platform, you might want to check out the new Bitcoin tipping feature. It is the latest monetization tool from Twitter, which has been experimenting with ways to entice creators and influencers to spend more time on its app.
The tips feature is available globally on iOS, and is expected to roll out on Android in the near future. The service has already started testing the feature with a small group of users, including journalists and experts.
How it Works
First, make sure that the person you wish to tip has opted in for tips by clicking on the money icon next to their profile. If they have, they will see a list of payment methods you can use to send them the funds. Currently, the list includes Bitcoin, Strike (Bitcoin Lightning Network), Cash App, Patreon, Razorpay, Chipper, Venmo, GoFundMe and PicPay.
Once you have confirmed that a user has opted in for tipping, select the amount and follow the prompts to complete the transaction. Once you have done this, the recipient will receive a notification on their Twitter account. They can also click on the link in their notification to view the tips they have received and follow the user.
Using a Bitcoin Wallet
One of the easiest ways to tip someone on Twitter is via a bitcoin wallet transfer. To do this, you will need to confirm that the user has a bitcoin wallet transfer as a supported tipping third party payment option on their profile and then copy and paste their BTC address into your wallet. Once you have done that, you can then send the BTC directly to their account.
To use a Bitcoin Lightning Network Wallet
A wallet that uses the Lightning Network designed to facilitate faster and cheaper transactions. The idea behind the technology is to ease off-chain transactions without requiring the Bitcoin blockchain to updated, which could in turn encourage more people to use the virtual currency.
According to a blog post from Twitter, its tipping feature is now accepting payments in the flagship cryptocurrency through Strike, a wallet that works on the Lightning Network protocol. Twitter CEO Jack Dorsey has been a big proponent of the crypto ecosystem, and this development is a positive step for both the company and the crypto community as a whole.
The new feature is being rolled out across the US and El Salvador, although it will likely take some time for tips to reach everyone else on Twitter. The company also said that it will be adding more payment options in the coming months, such as African payments platform Chipper Cash.
It is worth noting that you need to be 18 years or older to tip on Twitter and that you will need to comply with the terms of the payment service you choose. Additionally, Twitter does not receive any portion of the tips sent through the service and a percentage might collected by the payment service as well.
