Twitter Bitcoin Tips Gain Attention of Users

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

YouTube Crypto Influencers Fall Victim Of Scam

 In 2021, the crypto community witnessed a tremendous rise that also led to crypto fraudsters coming out in their numbers to prey on the users of the platform. Of late, several YouTubers that capitalize on crypto content creation reported that their accounts were hacked and noticed that fraudulent videos had been put up on their […]

Binance Boss Loses $14B Overnight In A Bloody Crypto Market Correction

Even though the crypto market has been declining since the beginning of the week, it culminated in a massive decline on January 21, with BTC now trading at a 6-month low of $35.35K. Crypto Price Correction And Dwindling Wealth For CZ As widely reported in various media, the price of crypto-related stocks has not been […]

Robinhood Trials A New Crypto Wallet Transfer Feature 

Popular trading platform, Robinhood, has launched the trial version of its crypto wallet feature that allows its users to perform crypto transactions outside the platform. Feature Only Available For Select Users However, this feature (WenWallets) is only available to 1,000 selected users. Part of the press release issued by Robinhood states that the firm intends […]

Crypto.Com Issues Official Statement Regarding Security Breach

On January 20, Crypto.com issued an official statement to share details of its losses during a recent breach of its security network. Nearly $34m Worth Of Digital Assets Were Stolen – Crypto.Com Part of the statement revealed that hackers stole “444.94 BTC, 4,836.27 ETH and about $66.3K worth of other digital assets” from its platform. […]

Intelligent Contracts Can Reshape Business 

Unlike in ancient times, when merchants relied on clay tablets to keep their agreements, today’s equivalents increasingly rely on blockchain contracts. They want to employ intelligent contracts, which are decentralized apps (DApps) stored on the blockchain as executable code and can be activated by any network user. Smart contracts, which Ethereum first introduced, currently enable […]