Fans can now use Ethereum to tip creators on Twitter
Fans can now use two of the most popular cryptocurrencies, Bitcoin and Ethereum, to support their favorite creators via tips.
Twitter announced on February 16 that it has added Ethereum support for its creator tips system. The company also enabled tips via three payment services, namely Paytm, Barter and Paga.
“Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address.”
Have you set up Tips on your profile yet so it's easy for people to show their support?
Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address.
No: What are you waiting for? Here's how: https://t.co/Id5TwTpnCF
— Twitter Support (@TwitterSupport) February 16, 2022
The tipping jar
Twitter’s tip jar system was introduced in May 2021 and allows users to enable donation functionality on their profiles. Fans who want to support creators can then choose to donate via different payment options and platforms by clicking an icon on the creator’s profile.
“Whether you want to tip your favorite account because you adore their commentary, send some love to an emerging comedy creator for their hilarious Tweets, help a small business owner through a difficult time, give to an important cause — whatever you want to support (and we know you already have some ideas), Tips is here to help you do it.”
The feature initially only supported fiat currency but began adding other options over the months after it launched. Currently, it supports roughly 11 different services and platforms for the tipping jar.
Twitter bullish on crypto?
This is the second cryptocurrency the company has enabled on its platform. Users have had the option to use Bitcoin as a payment method, since September 2021.
Sending and receiving Bitcoin payments is enabled on the platform using Strike, which is a payments application built on the Lightning network. Fans and creators can use any bitcoin lightning wallet for this purpose.
Twitter’s love for crypto comes as no surprise considering founder Jack Dorsey has long been a proponent of cryptocurrency adoption.
“My hope is that it creates world peace or helps create world peace.”
Dorsey said in July 2021 at a virtual conference where he was speaking on a panel focused on economic empowerment via bitcoin. In 2018, he also made predictions about bitcoin becoming the planet’s “single currency” within the coming decade.
Dorsey is currently serving as CEO of Square, which recently announced that it is working on a hardware crypto wallet.