Twitter May Surpass Western Union, Becoming One of the Best Crypto Remittance Platforms, Experiment Shows

Twitter May Surpass Western Union, Becoming One of the Best Crypto Remittance Platforms, Experiment Shows

Head of the public company business intelligence software maker MicroStrategy, Michael Saylor, has taken to Twitter to share a curious video.

A person in it claims that Twitter in the future can easily leave behind Western Union and become one of the largest global remittance companies easily thanks to Bitcoin.

Sending $10 in Bitcoin to El Salvador in seconds

The guy, sitting in Chicago, US, has demonstrated how he transferred to a David who at that moment was waiting in a Starbucks in El Salvador. The guy in the video has explained that David has a Strike account linked to his Twitter account and so the guy in Chicago has sent his friend in El Salvador a $10-dollar remittance payment in Bitcoin by using the new tipping feature rolled out by Twitter on Thursday, September 23.

The payment was made via the Lightning Network that powers the tipping feature on Twitter, for iOS users only so far.

The sender stated that after this no one would want to use Western Union for remittances and Twitter could turn into one of the best remittance experiences in the world thanks to its Bitcoin tipping feature now.

#Bitcoin on #Lightning⚡️ is the future of global payments. pic.twitter.com/9RONDBnVXQ— Michael Saylor⚡️ (@michael_saylor) September 23, 2021

Twitter announces Bitcoin tipping feature

On Thursday, the Twitter team announced that this week they are going to roll out the Tips feature. It allows anyone to tip the Twitter account owner, whose content they like, with Bitcoin by using the Lightning Network.

So far, the feature is being launched for iOS users but the Twitter team has promised that it will be released for Android “soon” as well.

Many in the crypto community believe that this is a great step for Bitcoin adoption. Earlier this year, during an online conference with the Tesla CEO Elon Musk and ARK CEO Cathie Woods, head of Twitter, Jack Dorsey, stated that Bitcoin is going to play a large part in the future of Twitter.

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