Twitter announced it would start Bitcoin-based payment functionality on iOS. Twitter rolled out the Bitcoin Tip feature on iOS worldwide, along with plans on Twitter to explore NFT.

Twitter introduces Bitcoin tip feature on iOS worldwide

Strike founder Jack Mallers took to Twitter to announce and demonstrate the BTC tip feature, which was later shared by Jack Dorsey. In addition to Bitcoin, Twitter will enable the integration of 9 payment applications such as CashApp and Venmo.

In particular, Twitter has two options for users to use Bitcoin tips, the first of which is through a payments app. This is a payment options menu that integrates with the Square and Go Fund Me Cash app and allows users to send tips to a Bitcoin address

The second option, however, is Strike. It is a Bitcoin payment application that works on the Lightning Network. This network is a Layer 2 service that is structured to improve transaction speed and reduce transaction costs.

In addition, Twitter claims that the bitcoin tip feature is available to users with iOS devices. While this feature will soon also be rolled out with attractive updates for Android users. Hence, this bitcoin limit feature coincides with the company’s development of launching payment products to help users. These products help users make money through the platform where some products were previously available to a small group of people.

The BTC cap integration will also encourage the use of Lightning networks, the acceptance of which has increased several times in recent years. There are now 72,380 payment channels opened on the Layer 2 solution, up 226% from the baseline of 32,000 channels opened in 2019-20.

Twitter also revealed its big NFT plans. The platform says it will also roll out an NFT authentication service that will allow users to integrate NFT wallets with their Twitter accounts.

Twitter plans to use NFT. to explore

Along with the Bitcoin price drop announcement on Thursday, the company also announced it would be exploring NFTs. A non-fungible token (NFT) is a unique digital asset that enables users to create digital works of art on the blockchain.

However, Twitter is using this as an option to support YouTubers on its platform with its “Explore NFT for Validation” plan. According to Twitter boss Esther Crawford, the platform will help artists create this work of art by providing them with a stamp that proves their authenticity. He also stated:

“People can track and view their NFT possessions on Twitter by connecting their Bitcoin wallet.”

Twitter CEO Jack Dorsey is an avid Bitcoin advocate who has announced several plans with BTC at the center. In addition to integrating BTC with Twitter, Dorsey-led Square is working on a hardware wallet and decentralized finance for Bitcoin.

In addition, the company announced several new product updates. The plan provides for an extension of the 280-character limit for tweets as well as a fund to support spaces creators.

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