Twitter Implementing Bitcoin (BTC) Payments & NFT Feature

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Twitter is set to add BTC lightning payments, as well as a non-fungible token (NFT) authenticator feature.

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Twitter has announced that it will be adding a tipping service to its iOS application. The third-party tipping service will be linked to the social media platform. The feature will also allow users to add bitcoin addresses, and pay using the crypto. 

The news also includes the announcement that the social media platform will be adding a non-fungible token (NFT) verification feature. The feature is set to complement a popular, growing trend within the crypto industry. Currently, the NFT feature is still in development with no specific dates for launch as yet. 

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Twitter’s “Tips” service is set to launch today on iOS devices, with the announcement stating that the feature will launch on Android devices soon. 

The Twitter “Tips” service will make use of third-party payment processors such as the Strike App. Twitter stated that it will not be handling any funds directly, and it will also not take a commission from any payments made on the platform. 

A key takeaway from the announcement of the “Tips” service, is the ability to tip in bitcoin. Esther Crawford, Product team member at Twitter, stated that the use of BTC as a tipping option, will be available to all Twitter users across the globe.

“There’s this great opportunity for us to choose global, barrier-less options,” Crawford went on to say, “And Bitcoin represents one of the best options. We know not everyone around the world transacts with bitcoin yet, but we think it’s one of the better solutions.”

Previous hints at BTC integration

It had been previously reported that Twitter could possibly be looking into implementing a BTC payment mechanism. Early coding that was analyzed stated that Twitter would be looking to implement a “Tip Jar” that included third-party payment processors such as Strike, Blue Wallet, and Wallet of Satoshi, among others. 

CEO of Twitter, Jack Dorsey, has been a major proponent for the crypto industry. The American billionaire is a huge backer of bitcoin, with the CEO even sporting a profile description simply stating “#bitcoin”

Dorsey had also previously mentioned that the company would possibly be looking to implement a payment option for BTC. It now appears that Dorsey’s plan has come to fruition. 

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Ryan is a Fintech specialist with a passion for cryptocurrencies and blockchain adoption. A keen trader and investor in the market since 2016, he enjoys keeping up to date with the latest developments within the industry while finding the next 100x altcoin.

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