The mass adoption of digital assets is going great, and this is big news considering that the mainstream adoption of crypto and blockchain has been one of the main goals that the crypto industry set.
There have been a lot of moves made in this direction, and they continue.
It’s been just revealed that Twitter turns on the ability to ask for tips in Bitcoin via the app. This makes it the first major social network to encourage the use of the crypto as a method of payment.
More channels are expected to follow this example and boost crypto adoption soon.
The Verge online publication notes that Twitter also plans to let users connect their crypto wallets and authenticate the ownership of NFTs they tweet with a special badge.
It’s also important to highlight the fact that Twitter has been testing tipping for a few months now, but the company hasn’t made tips widely available until Thursday.
The feature will roll out on iOS and Android
The feature is now rolling out globally on iOS with Android to follow.
Another issue worth bringing up is the fact that besides Bitcoin, Twitter will allow users to connect nine traditional payment providers, including Venmo and Cash App, to their profiles to accept tips. Twitter will not be the one processing the payments itself.
“The Bitcoin tips are facilitated by Strike, a Bitcoin wallet app that runs on the Lightning Network protocol. Lightning is designed to enable faster and cheaper transactions using Bitcoin,” The verge noted.
Only a matter of time
— jack⚡️ (@jack) June 11, 2021
Check out this relevant tweet as well:
Crypto wallet company Strike partnering with @Twitter today, allowing users to send tips in #bitcoin to other Twitter users. Strike CEO @jackmallers on what this means for #crypto adoption. $BTC $TWTR pic.twitter.com/YfoOMPxRtD
— Power Lunch (@PowerLunch) September 23, 2021
Stay tuned for more news and make sure to keep your eyes peeled on the crypto market.