Jack Dorsey, CEO of Twitter, is always finding reasons to work with Bitcoin and the crypto market from time to time. Jack Dorsey is more than a fan, he’s a visionary who sees value in Bitcoin, and the significance of decentralization is not new to him. Recently Twitter has announced big plans regarding decentralization and working with Bitcoin in close harmony. A new feature by the name of Bitcoin Twitter tips was announced a few months back and is now kicking with full throttle ahead. This is a project which caused tremendous excitement at its launch, and at the moment, people in the United States and El Salvador can only be benefited from this specific rollout.

Strike, which is a payment processor, is working around the clock to bring this feature in reach of many other countries around the globe. The financial problems of the modern world require a modern solution, and cryptocurrencies can be that answer. But still, at this time, many of these ideas and innovative plans are a bit theoretical rather than being practical. The Twitter Bitcoin tips feature allows the tipping of creators and people on Twitter with the help of Bitcoin; it is a community-based program and is already gaining momentum in multiple metropolitans of the world.

Future of Real-World Payments

This way Bitcoin oriented payments could be made available in the everyday life of people, and using social media, which is a common platform for people to mingle and connect with each other, the Bitcoin payments would also get a nice exposure. The phenomenon of tipping is not new, but tipping creators with Bitcoin is a program only introduced by Twitter at the moment. TikTok, another social media platform, has made plans to allow certain creators who meet dedicated criteria to make themselves available to the audience for the sake of tipping.

So, the phenomenon is not new but tipping someone in Bitcoin is definitely the most recent update in this whole tipping scenario. At the moment, Twitter is working on various other decentralized projects as well, and it is hoped that soon enough, a technical framework for the development and continuation of decentralized social media will be completed by twitter.