Social media titan Twitter finally rolls out the Bitcoin tipping option for iOS users after much speculation about the innovation earlier this month. This is part of its plan to support content creators on the social media platform.
With this new feature, Twitter users can now send each other Bitcoin as tips, using third-party services like CashApp, which supports the transfer of BTC and fiat.
Twitter will also utilize Strike, a layer-two solution Bitcoin payment application built on the Lightning Network, which claims speed and low transaction fees as its key features.
“We want everyone to have access to pathways to get paid digital currency that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible help us get there,” said Twitter executive Esther Crawford.
In the last 24 hours, bitcoin is down by 3.65%, with a current price of $42,475.65 as at the time of writing this. Within 24 hours, bitcoin dropped to $42,428.68 low and $45,142.50 high. The trading volume of bitcoin in the last 24 hours is $1.22B. The current market capitalization of bitcoin is $796.68B. Currently, $18.82M bitcoins is in circulation.
Stats and Image from Coin Desk
Twitter also disclosed that plans to explore the non-fungible tokens, NFTs in the nearest future.
According to Crawford, the NFTs integration is “a way to support creators making this art with a stamp to demonstrate authenticity.”
She added that it will help people to “track and showcase their NFT ownership on Twitter.”