Key Takeaways
- Twitter testing new tipping feature for users to tip others with BTC
- The new feature is reportedly built using Lightning Network technology
- Twitter CEO has hinted at the possibility of creating more products using Lightning Network
The initiative, although surprising, has been deployed by rival social media platforms, including Reddit.
Twitter had earlier in June published a statement on its blog introducing ‘’Tip Jar’’, a solution for distributing tips between users.
Esther Crawford, the Product Manager behind the Tip Jar project, also revealed that the feature would help users monetize their works easily.
Subsequently, Twitter's CEO Jack Dorsey, also hinted that the social media giant could use the Lightning Network to roll out the tipping feature.
The tipping feature is understood to be in the final stages and could be deployed soon. The picture of the tipping service has also been leaked on the web.
The leaked image shows that Twitter will utilize the Strike payment app that uses the Lightning Network.
Twitter users will likely need a Strike account to access this new tipping service.
The Lightning Network is a solution that increases scalability, enabling projects to build efficiently on the Bitcoin network.
Dorsey is a fan of the bitcoin network and has previously stated that the Lightning Network could be deployed for other products.
The deployment of this feature would revamp how Twitter is viewed and lead to more engagement on the platform.
Facebook is also looking to do a similar payment system with its DIEM project.
What are your thoughts on the new tipping feature set to be deployed by Twitter?
