Twitter Planning to Introduce a Tipping Feature, Expectantly in Bitcoin
Twitter is considering a feature that will allow users to tip each other, expectedly involving Bitcoin.
Twitter CEO Jack Dorsey is a long-time Bitcoin believer and sees it becoming the native currency of the Internet. He is also an investor in Lightning Network, a second layer Bitcoin solution and CoinList.
His payments company Square also allows people to buy and sell BTC. Dorsey further dedicated its Square Crypto department to focus on cryptocurrency solutions.
Micropayment Feature Coming to Twitter
Now, Twitter is working on implementing a new payment feature, reports The Information. Give Dorsey’s appraisal of Bitcoin, it can be expected that tipping would involve BTC. With this feature, users will be able to tip each by sending each other money from their tweets.
However, it’s not yet known when will the tipping feature will debut or if the micropayments features will be linked up with Square.
The company filings revealed that Twitter and Square already allow users to make donations to politicians through tweets. However, the company wasn’t developing the tipping feature as of yet.
Moving Towards Decentralization
Late last year, Twitter launched its decentralized network, dubbed Bluesky. The initiative will be led by CTO Parag Agrawal and will include a five-person team of open source developers.
The idea of Bluesky is to have a “sound, scalable and usable decentralized standard” to be more innovative, build an open recommendation algorithm for healthy conversations and bring more transparency to policy enforcement.
The advocate of digital currency, Dorsey however says, BTC is not yet “functional as a currency.”
But what he is sure of is “Africa will define the future (especially the bitcoin one!).” Back in November, he had said that he will be living for 3 to 6 months in Africa this year, working towards this development.