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05-09-2021 | Technology

Twitter's Tip Jar feature will soon allow users to receive Bitcoin and Ethereum tips.

Twitter has been found to be working on allowing users to add Bitcoin and Ethereum addresses to their profiles in order to collect cryptocurrency-based tips. The new function could be intended to improve on the Tip Jar feature that was released earlier this year by the microblogging network.

Through the Tip Jar function, Twitter is working on allowing users to receive tips in Bitcoin. In a conversation with analysts and investors in July, CEO Jack Dorsey urged the adoption, calling Bitcoin a "huge component" of the company's future.

Alessandro Paluzzi, a mobile app developer, discovered Twitter references that allowed users to add Bitcoin and Ethereum addresses to their profiles. The developer revealed the additional possibilities in a tweet that included three screenshots.

The first screenshot implies that users would be able to copy Bitcoin and Ethereum addresses and use the Tip Jar feature to send tips in any of the two cryptocurrencies. Twitter appears to allow users to add Bitcoin and Ethereum addresses to their profiles in the second and third ones.

Paluzzi, in addition to the screenshots indicating the addition of Bitcoin and Ethereum address choices, tweeted a screenshot on Wednesday indicating the addition of Bitcoin support to the Tip Jar function. Twitter's product head Kayvon Beykpour replied to the tweet with a lightning bolt emoji and the word "soon" to confirm the project's development and impending release.

Beykpour did not share any additional information regarding when users will be able to accept tips in Bitcoin using Tip Jar. However, Paluzzi's screenshot suggests that Twitter is considering using money transfer technology The Lightning Network to allow Bitcoin tipping on its platform.

The screenshot also implied that Twitter would use Strike to create Bitcoin Lightning invoices for the bitcoin tips that users would get via the programme. Users will not be required to link a Strike account to add their Bitcoin and Ethereum addresses, according to Paluzzi's latest tweet.

A report by MacRumor says that the work for Bitcoin tips was recommended via Twitter for the iOS beta code. It is not, however, available to beta testers at this moment.

Twitter launched its Tip Jar feature in May, allowing creators, journalists, and organisations to monetize their tweets through tips. Users could publish links to their Bandcamp, Cash App, Patreon, Paypal, and Venmo accounts to receive tips from their followers at first. That was only the beginning, as the platform appears to be expanding its payment options to include cryptocurrencies.

For a long time, Twitter CEO Jack Dorsey has been a proponent of cryptocurrencies. He predicted that Bitcoin will “unite a severely divided country” in August. During Twitter's July earnings call, Dorsey called the "huge part" of the company's future.

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