Twitter May Soon Integrate Bitcoin (BTC) Payments
Reportedly, Twitter is planning on the ultimate crypto integration to facilitate bitcoin payments. As reported by TheBlock, Twitter appears to be testing out the inclusion of Bitcoin on the Lightning Network for its tipping feature, according to an accumulation of reports.
Mobile developer, Alessandro Paluzzi’s recently leaked image of the current Twitter beta has reinstated the incorporation of Bitcoin in Twitter’s tipping service. It reveals that Twitter’s upcoming BTC tipping service is presently in testnet mode.
Bitcoin Lightning App Strike’
The market speculation of the tipping function based on reports has mentioned the utilization of the Lightning Network to make smaller bitcoin payments. Furthermore, this integration will in turn back both, custodial and non-custodial wallets.
Reports have mentioned the ‘Bitcoin Lightning App Strike’, which will essentially facilitate the generation of bitcoin invoices. Henceforth, if Twitter users desire to use the BTC tipping service, they will also be required to create a Strike account.
Dorsey hinted at Bitcoin Twitter integration in July itself
Twitter CEO, Jack Dorsey’s July statement made it clear that the internet’s native currency, Bitcoin will be incorporated in the platform’s upcoming strategies for innovation technology. During Twitter’s Q2 Earnings Conference Call, CEO Jack Dorsey stated that Bitcoin would be a “big part” of the company’s future. His comments speculated a BTC integration into Twitter services, which is now starting off with its tip jars.
Furthermore, Twitter can incorporate its CEO’s favorite Bitcoin into other services as well, such as Super Follows, Commerce, and Subscriptions.
“If the Internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet…I think this is a big part of our future. I think there’s a lot of innovation above just currency to be had, especially as we think about decentralizing social media more and providing more economic incentive. So, I think it’s hugely important to Twitter and to Twitter shareholders that we continue to look at the space and invest aggressively in it.”, said Dorsey.