Jack Dorsey has been heavily involved in the Bitcoin ecosystem in recent years and could be set to launch another feature soon
Social media giant Twitter is reportedly working on a new feature that would make it easier for people to tip using BTC. The tipping feature is designed to make it easier for people to make micropayments via the social media platform.
According to a report by MacRumors, Twitter’s beta update suggests that the social media giant is testing the feature. However, Twitter is yet to make any public announcement regarding the service or how it intends it to work.
Popular developer Alessandro Paluzzi posted a picture of how the Bitcoin tipping feature will look. The report explained that the Bitcoin tipping service would use the Lightning Network (LN) to carry out small BTC payments. Furthermore, it will also support various types of wallets.
#Twitter is working on the ability to receive tips in #Bitcoin 👀 pic.twitter.com/uycD3qsR5F
— Alessandro Paluzzi (@alex193a) September 1, 2021
The leaked image implies that the social media giant has partnered with the Bitcoin Lightning app Strike. Twitter could use Strike to generate Bitcoin invoices. Hence, it could mean Twitter users might need to open a Strike account to enjoy the BTC tipping service.
Jack Dorsey has been bullish about Bitcoin for a long time. The Twitter and Square founder said he only believes in Bitcoin and doesn’t rate other cryptocurrencies highly. He maintains that he will only hold Bitcoin and no other cryptocurrency.
Square, Jack Dorsey’s payment company, has been working on rolling out some Bitcoin services. The company is working on a non-custodial Bitcoin hardware wallet in a bid to promote the retail and institutional use of the cryptocurrency.
Furthermore, Square is also working on developing decentralised finance (DeFi) products around Bitcoin. Most DeFi products are launched on the Ethereum blockchain and other smart contract networks. However, Dorsey and his company want to build their decentralised products on the Bitcoin blockchain.
Square has been serious about expanding its presence within the cryptocurrency space and even launched a dedicated team called Square Crypto.
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Author: Hassan Maishera