Bitcoin tipping services will be activated on Twitter accounts

Bitcoin tipping

TL;DR Breakdown

  • Bitcoin tipping will soon be added to the list of services provided by Twitter.
  • A major update will be made live soon listing the crypto tipping services.
  • The Lightning Network will be used to implement this update.

Bitcoin adoption is spreading like wildfire, and nothing could possibly stop this global phenomenon. There have been various talks about integrating crypto payments and tipping on Twitter, Instagram, and even Facebook. The respective firms are making various efforts to launch a global marketplace for crypto-related services.

According to the recent post by a well-known website MacRumors, the newest iOS update for the Twitter application will be featuring an option for Bitcoin tipping. Technically speaking, this means that new lines of code will be integrated into the framework of Twitter for iOS that would make Bitcoin tipping a part of the Twitter ‘Tip Jar.’

Bitcoin tipping and payment options

According to the post by MacRumors, there might be some insight that the application will provide its user with into Bitcoin and the Lightning Network, which will be used to facilitate the payments. Therefore now, along with CashApp, Venmo, and other major payment service providers, Bitcoin will also be added to the list of payment methods.

It was also mentioned that to successfully and easily “generate Bitcoin Lightning invoices,” the Lightning Network payment gateway Strike will be used. Also, it could be that the application might include tutorials about custodial and non-custodial wallets.

This means that Twitter aims to become a game-changing social media application by integrating blockchain-based services like Bitcoin tipping on its platform. Originally, the Tip Jar was announced way back in the month of May when the market had crashed, and it was rumored that Bitcoin tipping would be a part of it.

Bitcoin tipping another Bitcoin-centered service

The global Bitcoin adoption rates are rapidly increasing as institutions are intrigued while investors are obsessed with cryptocurrencies. A rise in institutional money has resulted in the rise of BTC-based services, including Facebook releasing its own stablecoin imminently.

This puts the entire blockchain industry and crypto-based services in the spotlight. With this new update, the Lightning Network will also get a new use case and will attract further attention.

John Lincoln

John Lincoln

Lincoln contributes blockchain and crypto perspectives that meet the industry's selective information needs in a timely, undiluted fashion. His greatest wish is to share transformational technology through an engaging and easy-to-read style, making complex topics accessible to all.

Related News

Hot Stories

Aave price analysis: AAVE increases value by 3.5% after strong bullish movement
Ethereum price analysis: ETH wobbles near $1,700 as bulls desperate to touch $1,800
Bitcoin, Binance Coin, Tron, and FTX Token Daily Price Analyses – 7 August Morning Price Prediction
Bitcoin price analysis: Tug of war between bulls and bears keeps BTC below $24k
Elon Musk drags Twitter to court for fraud

Follow Us

Industry News

Elon Musk drags Twitter to court for fraud
Binance CEO Urges To Move Funds From WazirX To Binance
Bitcoin falls to $23K on U.S. jobs report
How are the top cryptocurrencies selected?
Voyager Digital set to refund users with a $270 million fund