Twitter lets users tip with Bitcoin, wants users to authenticate NFTs
Twitter has announced that users can now request tips in Bitcoin through its app using its tip bot. The company is also looking into allowing users to connect their crypto wallets and authenticate ownership of NFTs they tweet with a special badge.
Tipping with Bitcoin is now available
The plans of Twitter allowing tips with Bitcoin in their app had already been leaked, but the feature was not available until Twitter launched globally on iOS and later on Android this Thursday. In addition to Bitcoin, Twitter will also allow its users to connect nine traditional payment providers, including Venmo and Cash App, to their profiles to accept tips. Twitter will not process the payments themself.The Bitcoin tips will be processed through Strike, a Bitcoin wallet app that runs on the Lightning Network protocol. Lightning is designed to enable faster and cheaper transactions with Bitcoin.
Twitter plans to support NFT authentication
During a press briefing on Thursday, Twitter said it also plans to support authentication for NFTs, or non-fungible tokens, by allowing people to connect their crypto wallets. "NFT authentication will come in the form of a badge shown on profile pictures marking the owner's NFT as authentic," a spokesperson for the company said.Twitter is not new to the NFT space and had even released their own NFTs earlier this year. The main reason Twitter is looking into this new feature is likely the increasing popularity of NFTs and the fact that much of the social media activity in the NFT space takes place on Twitter. Many users have their NFT as their profile picture or share their NFTs on the platform. The authentication badge will make it easier for users to identify if someone owns the NFT shown on their profile.
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