Tech

Twitter is allowing users to Tip Creators in Ethereum

A new added twist for ease.

words by: Sahar Khraibani
Mar 11, 2022

Twitter isn’t restricting cryptocurrency users from tipping in Bitcoin. Creators can now add their Ethereum address to their tipping options on the social network. Support for a trio of payment platforms, including Barter, Paga, and Paytm, is also included in the update. By clicking on the Tips icon in someone’s Twitter profile, you can send them a tip. If you are at least 18 years old and want to receive tips, you can change your profile and enable tips.

 

If you’re not as excited about Bitcoin as former Twitter CEO Jack Dorsey, Ethereum support can be useful. Twitter’s change not only allows more individuals to tip, but it also makes it easier for digital creators to work in particular countries, because they’ll know their fans will be able to donate.

 

In May of last year, Twitter made in-app tipping available to all users, and became the first social media platform to promote the usage of cryptocurrencies as a payment method. All users over the age of 18 have had access to the feature, regardless of whether they use an Android or iOS smartphone.

 

People were able to help those who were leading the debate on Twitter with tips. Whether you want to aid a content creator, fundraise, tip someone in need, or thank someone for making you laugh or think, tips have made it feasible. Users can tip in BTC by copying and pasting another user’s BTC address into their own wallet service or tipping directly through theĀ Strike wallet, a Bitcoin wallet program that employs the Lightning Network protocol. When someone receives a Bitcoin tip through Strike, the Twitter app alerts them so they may answer right away.

 

With its Tips feature, Twitter expanded the creative economy and allowed people to profit from their work. Nowadays, the distinctions between user and influencer are blurring, and every social media platform is seeking to figure out how to satisfy creators while also being a part of virtual reality and the creative economy’s future potential.

 

Twitter, like any other social media site, has a long way to go before it can fully develop a creator economy, but the community has praised a feature that supports one-to-one ties between users and their favorite artists to promote meaningful content.

 

Twitter initially exclusively supported Bitcoin via the lightning network, but the social media behemoth has recently announced that Ethereum wallet addresses will be added to its tipping tool. This means that users who have Ethereum wallet addresses can get cryptocurrency as tips on Twitter.

 

The move follows Twitter’s continuing investigation into the Ethereum ecosystem. For paying “Twitter Blue” subscribers, the business provided non-fungible token (NFT) verification last month.

 

These moves by Twitter all make sense considering they hired a dedicated cryptocurrency team towards the end of 2021.