Twitter is reportedly working on the Bitcoin tipping feature – News Sept 1

Twitter is reportedly laying the groundwork to allow Bitcoin (BTC) referrals to content material creators.

According to MacRumors, Twitter’s newest iOS beta accommodates strains of code that would trigger Bitcoin to change into a part of a “tip jar.” In reality, as Cointelegraph beforehand reported, Twitter CEO Jack Dorsey ahead indicated {that a} bitcoin price drop is in the works.

Twitter launched Tip Jar in May to reward content material creators on the standard social media platform.

If the messages about the Bitcoin cap are accurate, BTC shall be added as accepted cost choices on Tip Jar together with Cash App, PayPal, and Venmo.

As a part of the rollout, Twitter could present a brief tutorial on Bitcoin and the Lightning Network. According to a part of the textual content quoted by MacRumors, the Bitcoin Cap feature will use the Lightning Network Strike cost gateway to “generate Lightning Bitcoin bills.”

The information can also present data on ideas resembling custody and non-custody wallets for storing bitcoins.

Related: Jack Dorsey says he’ll combine Lightning Network with Twitter or BlueSky.

The bitcoin cap on Twitter is simply the newest in a rising line targeted on introducing BTC for the social media large and Dorsey himself. In early August, the head of Twitter and Square introduced plans to construct a decentralized alternate for Bitcoin.

Dorsey beforehand described Bitcoin as key to the way forward for Twitter whereas additionally stating that the firm intends to include BTC into providers resembling trading and subscriptions.

The launch of Bitcoin on Twitter through the Lightning Network additionally confirms plans to combine LN into the social media platform for the first time in June, and the transfer may further carry the crypto token into the mainstream. The fundamental pattern in implementation is one in every one of the instances advocated for cryptocurrency utilization.

In July, Dorsey additionally introduced that Square was creating a “custody” {hardware} pockets for Bitcoin.

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