Twitter Testing Tipping Users in Bitcoin Through Lightning Network in Beta
Twitter has started testing the ability to tip users on the platform in Bitcoin.
According to MacRumors, the Twitter beta shows that the social media giant is testing this service. Mobile developer Alessandro Paluzzi has also leaked an image of what it would look like.
— Alessandro Paluzzi (@alex193a) September 1, 2021
According to the report, this tipping function will use the Lightning Network to make smaller Bitcoin payments and would support both custodial and non-custodial wallets.
Lightning Network is a layer 2 solution for faster and cheaper Bitcoin transactions. The capacity of LN has risen to a new all-time high of 2,350 BTC while the number of channels and number of nodes is also hitting new highs at 68,787 and 25,969, respectively, according to 1ML.
The leaked image shows that Twitter will use Jack Maller’s LN app Strike to generate Bitcoin Lightning invoices. This means, in order to use this feature, users would require a Strike account to receive tips.
“We use Strike to generate Bitcoin Lightning invoices so you'll need to connect your account to accept Bitcoin tips.”
Back in July, on Twitter’s second-quarter earnings, CEO Jack Dorsey suggested that Bitcoin would be coming to Tip Jar and other products, including Super Follows, Commerce, and Subscriptions.
At the time, he also reiterated that Bitcoin is the “best candidate” to become the “native currency” of the internet which will mean “people and companies can freely trade goods and services anywhere on the planet.”
As we recently reported, Dorsey said he’s using LN to enable a currency for the internet by allowing every account on Twitter to link to a Bitcoin Lightning Wallet. He also said the company is planning a Bitcoin hardware wallet and a KYC-complaint DEX for Bitcoin and exchanging other assets like stablecoins but with a decentralized identity solution.