Twitter May Add Bitcoin to Its Tip Jar Feature in Near Future
Written by
Josephine Nesbit
Edited by
Cory Dudak
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
Circulating rumors and leaked images suggest that Twitter may be adding the ability to pay with Bitcoin through its Tip Jar service. The social networking service announced its new Tip Jar feature back in May, allowing users to send and receive tips from other Twitter users via third-party payment services.
Cryptocurrency Jargon: A Guide for the Crypto-Curious
Beware: Crypto and Investment Scams Are Skyrocketing This Year
Alessandro Paluzzi, a known leaker and developer, tweeted an image of how the system will supposedly work, The Street reported. According to the post, it may be integrated with Twitter’s existing Tip Jar service, using Strike to enable instant Bitcoin transfers through the lightning network.
#Twitter is working on the ability to receive tips in #Bitcoinpic.twitter.com/uycD3qsR5F
— Alessandro Paluzzi (@alex193a) September 1, 2021
Following Paluzzi’s leaked image, he said that he used reverse engineering to enable the feature on his phone; however, it is still inactive.
Related: Robinhood Plans To Grant Users Early Access to Their Paychecks
The leaked image is not the only indication that Twitter may be adding Bitcoin to Tip Jar. The Street also noted reports coming from a MacRumors post, talking about Twitter’s latest beta update. “Bitcoin isn’t yet available to select as a tip option for beta users, but code in the beta suggests that Twitter is in the process of rolling it out,” according to the post.
During the company’s second quarter earnings call, Twitter CEO Jack Dorsey confirmed to investors that bitcoin will be a “big part” of the company’s future, TechCrunch reported. “I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it,” he added.
See: Jack Dorsey, Elon Musk and 21 More CEOs Who Changed How We LiveFind: How Does Twitter Make Money?
TechCrunch also noted that a Twitter rep confirmed this is the first time that Dorsey has spoken publicly about how Twitter could integrate bitcoin into its lineup.
More From GOBankingRates
- Take Our Poll: Have Recent Hacks Made You Question Crypto Security?
- Can You Afford Education in America at These Prices?
- Nominate Your Favorite Small Business To Be Featured on GOBankingRates
- 5 Cities Around the World Experiencing a Housing Market Boom
Last updated: September 3, 2021
