Twitter Might Integrate Bitcoin Tipping

January 14, 2020 / by Crypto.IQ

There are rumors that social media giant Twitter may soon launch a Bitcoin (BTC) tipping service.

Crypto tipping services can be quite useful and popular, as proven by Reddit, and in particular on the Dogecoin (DOGE) subreddit. The ability to instantly send crypto tips to other social media users incentivizes quality posting, and increases social media activity as well as fostering a more friendly atmosphere. 

Technically, it is already possible to tip crypto on Twitter. If someone wanted to send another Twitter user Bitcoin (BTC) they would simply need that user’s Bitcoin (BTC) address. 

That being said, it is indeed more efficient and slightly easier when crypto tipping is directly integrated into a social media platform since then crypto tips can be sent directly to a user even if they do not have a Bitcoin (BTC) wallet. Further, since these tips occur off-chain, there are no transaction fees. 

Also, integrating crypto tipping into a social media platform increases crypto adoption, since someone who has never used crypto before may receive a tip, at which point they download a wallet for the first time in order to receive the tip.

All of this being said, there is no firm evidence or launch date yet for Bitcoin (BTC) tipping on Twitter, it is just a rumor for now. However, the CEO of Twitter, Jack Dorsey, is a well-known Bitcoin (BTC) advocate, which gives some credence to these rumors.