Crypto moves further towards being accessible to the masses with Twitter’s new move. It enables users to connect themselves to third-party tipping services through their profiles. It translates to users being able to pay through the platform using cryptocurrency.
The Official Announcement
The official news rolled out via a blog post of the Twitter staff product manager Esther Crawford. Twitter will make the feature available for all iOS users globally. It has plans for an android friendly version as well. Through the cryptocurrency option, you will be able to link third-party apps like Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay, and Wealthsimple Cash. You can link it in your Twitter bio and tweets so you can get funds. Twitter is also planning to have NFT verification, the development of which is under construction.
On the 23rd of September, Twitter stated that NFT verification will be added to this venture. This agenda has no specific timeline assigned to it. It’s a part of their plans as the development is underway.
“We want everyone on Twitter to have access to pathways to get paid,” Crawford said in his statement.
“Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible — help us get there.”
Twitter And Cryptocurrency
What makes this upgrade stand out is that Twitter is, “not in the flow of funds.” This means it won’t partake in taking a cut or percentage of the proceeds. Thereby, allowing users with a large number of followers to monetize their content seamlessly.
Twitter CEO Jack Dorsey has always been very enthusiastic about the cryptocurrency market. He wrote that it was “only a matter of time” for Twitter to incorporate Lightning payments. It is a popular Bitcoin transaction technology. Dorsey has been a longtime advocate and investor of Lightning.
It is indeed a great opportunity for cryptocurrency to become a part of everyday life. Even more through giant social media platforms. It is one step towards a digital future that doesn’t seem very far away. Twitter’s decision has the potential to prove itself a very pioneering one in the future.