According to reports, Twitter's latest beta version will introduce Bitcoin rewards.
In May 2021, Twitter launched Tip Jar, which includes payment links for services such as Paypal, Cashapp, and Venmo. Twitter users can receive tips from others through these links. The latest beta version of Twitter has further extended its functions. In the future, users can use Tip Jar to use Bitcoin to pay tips to high-quality content creators, that is, "reward".
Although the current test user cannot choose Bitcoin to pay, the code shows that Twitter intends to support it.
Information in the latest Twitter beta indicates that Twitter will guide users through Bitcoin tutorials, which include detailed information about the Bitcoin Lightning Network and custodial and non-custodial Bitcoin wallets.
Twitter uses Strike, Blue Wallet, and Wallet of Satoshi as examples of custodial wallets, and Muun, Breez, Phoenix, and Zap as examples of non-custodial wallets. Twitter will also notify users of the need for a Strike account, saying, "We use Strike to generate Bitcoin Lightning Network invoices, so you need to connect to your account to receive Bitcoin rewards."
The Bitcoin reward feature is currently limited to the Twitter beta and is not yet available to all beta users, so it is not clear when the Bitcoin feature will be officially released.
On Twitter's second quarter earnings conference call, its co-founder & CEO Jack Dorsey stated that cryptocurrencies, especially Bitcoin, are important to the company's future. If you use cryptocurrency, its product promotion and product use will be much faster, such as super follows, e-commerce, subscription waiting, you can reach anyone on the planet without having to enter the market one by one.
Jack Dorsey is a staunch Bitcoin supporter, he tweeted that he was trying to use Compass Mining for Bitcoin mining. The other company he founded, Square, is one of the major institutional holders of Bitcoin, and has so far held more than 8,027 Bitcoins.
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