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Bitcoin, Ethereum, and other cryptocurrencies may soon be supported by Twitter’s Tip Jar

Twitter’s Tip Jar function may soon include a bitcoin option. The feature is in development, and reverse engineer Alessandro Paluzzi noticed it. Additionally, it released images of what it would look like when it releases. Paluzzi’s post was later shared by Twitter’s head of product, Kayvon Beykpour, with the phrase “soon”. Therefore, implying that this is definitely in the works.

The Twitter Screenshots

Twitter’s Tip Jar, according to Paluzzi’s screenshot, will leverage the Lightning Network to receive Bitcoin payments. According to another screenshot, users will be able to collect tips in both Bitcoin and Ethereum. Moreover, the site will allow them to link their respective addresses to their profiles.

Twitter is also utilising Strike for Bitcoin payments, as shown in the screenshot. The strike is a worldwide payment software that leverages Bitcoin and blockchain technologies to process transactions. It’s also possible to purchase and sell Bitcoin with it.

Tip Jar

Twitter introduced the Tip Jar function in May. Only a few producers, journalists, specialists, and charities will see the Tip Jar on their profile for the time being. Twitter states that the capability will expand to more users in the future.

The inclusion of cryptocurrency to Twitter will be the latest in a series of steps to assist the platform’s founders in finding a source of revenue. It also reflects the increasing prominence of cryptocurrencies as a payment method. Bitcoin has surpassed $50,000 for the second time, while Ethereum is climbing to $3900 and gaining recognition as a payment method.

Twitter and Razor Pay

RazorPay was introduced as the first Indian payment method to Twitter’s Tip Jar in June, allowing Indian users to collect tips on the site. Twitter also announced that the Tip Jar feature would be accessible in Bengali, Gujarati, Hindi, Kannada, Marathi, and Tamil, among other Indian languages.

Once the creation of a Tip Jar, the user’s followers can help them by offering tips. And, thanks to RazorPay’s support, they may send money via various methods, including UPI, credit and debit cards, net banking, wallets, and so on.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.