Twitter Could Soon Enable BTC Tipping
- Both MacRummors and mobile developer Alessandro Paluzzi claimed that Twitter is experimenting with a BTC tipping feature.
- The feature will reportedly use Lightning Network payment gateway Strike to “generate Bitcoin Lightning invoices”.
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It appears that Twitter will attempt to implement a Bitcoin (BTC) tipping function for its content creators according to multiple sources.
On Tuesday, MacRummors reported that the latest Twitter beta indicated that BTC could soon become part of “Tip Jar”, which was released back in May as a way for users to reward content creators on the social media platform. The information was later confirmed by mobile developer Alessandro Paluzzi, who released a leaked image of what the Service could look like.
In its post, MacRummors also claimed that the new BTC feature will make use of Strike to “generate Bitcoin Lightning invoices”, which if true means creators will need to create a Strike account to receive tips. It also seems that the service will be compatible with both custodial and non-custodial wallets for storing BTC.
While still unconfirmed, the BTC tipping feature falls in line with what Twitter, and it’s CEO Jack Dorsey, have been saying for a while. Back in July, Dorsey implied during the Twitter Q2 Earnings Call that Bitcoin could soon appear on Tip Jar, and could also be used in other features, such as Super Follows, Commerce, and Subscription.
Last month, Dorsey also stated that his future plans involved the creation of a new decentralized Bitcoin exchange, which will be developed by “TBD”, a unit of Square. Back in July, both Dorsey and Jesse Dorogusker confirmed the rumors that Square was building an “assisted-self-custody” BTC hardware wallet.
- Ethereum co-founder Vitalik Buterin has regained his T-Mobile account, which on Saturday was compromised by hackers and used to take over his X account.
- On 9 September, hackers used a SIM-swap attack to take over Buterin’s X account, and siphon close to $700,000 in crypto by promoting a fake NFT giveaway.
Ethereum co-founder and Vitalik Buterin speaks during TechCrunch Disrupt. 18 September, 2017, San Francisco, California.Steve Jennings/Getty Images for TechCrunch
- Although it was launched in beta on 10 August, the platform has already entered the list of top three fee generating crypto projects by earning $1.42 million in 24 hours.
- Friend.tech is a social app integrated with X (formerly Twitter) that allows users to sell and buy tokenized shares of their social network, gaining access to exclusive content and private chat rooms.
- The Twitter account of the crypto exchange was compromised for roughly 45 minutes on Monday, resulting in 22 transactions connected to the hack.
- KuCoin has calculated that the total asset losses were 22,638 USDT, and noted that it will fully reimburse users affected in the incident.