You Can Send And Receive Ethereum Tips On Twitter Now• February 16, 2022 8:51 pm • Comments
The social media giant Twitter first announced the capability to send tips via Bitcoin back in September 2021 which solidified the potential use of crypto in a social media environment.
The company recently added Ethereum to the list of payment options now further indicating more mainstream adoption of crypto.
Twitter users simply need to add an Ethereum address to their user profile in order to activate the feature and be able to receive tips.
Users will get 100% of all the tips that they receive on the platform and the option to tip is currently available on iOS and Android devices.
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
When it comes to Bitcoin, tips can be sent through the Bitcoin Lightning Network, which sends payment using the Strike app.
The company provided no other details pertaining to tipping in ETH, however. For now, tips are only available for users on iOS and Android phones. According to Twitter, users keep 100% of the tips they receive.
The company stated that tips can be used to “show support, show appreciation, help out or reward anyone you want – from emerging creators and journalists to Twitter Spaces hosts.”
Other payment services include Cash App, GoFundMe, Patreon, Wealthsimple and Venmo.
Recently, Twitter rolled out a feature that allows Twitter Blue users to upload nonfungible tokens, or NFTs, as their profile pictures, but limited that capability to iOS.
The feature is a capability that Twitter released that aims to provide the online community the ability to reward creators and journalists.
As a result, this would make it easy for content providers to work in any location because of the wide variety of tipping options which now fully incorporate the most popular crypto.
To use it, one would simply need to click on the top icon of a Twitter profile to send a tip making the process of sending crypto to someone extremely easy for the average Twitter user.
Added my Ethereum address to my Twitter tip jar! About time 😎🚀🌕 pic.twitter.com/7Wjijqu4JR
— Kate Irwin (@pixiekate13) February 16, 2022
So far, content platforms like Twitter and YouTube are very open to getting involved in the emerging crypto industry, but some are concerned whether regulatory agencies get involved to limit their use in the future on these platforms.
While the latest additions will be welcomed by content providers, it remains to be seen whether regulators will impact its use.
Concerns over the use of cryptos for money laundering and other illicit activity have led to a number of governments and regulators calling for a global crypto regulatory framework.
Earlier this year, the White House announced the imminent release of an Executive Order. The order will task U.S agencies to regulate digital assets as a matter of national security.
Twitter’s expansion to include Ethereum could therefore raise the prospects of increased regulatory oversight.
Twitter is expanding its mobile tipping feature to include Ethereum support. The news from Twitter is yet another example of the company’s interest in cryptocurrency and blockchain technology.
— MarketWatch (@MarketWatch) February 16, 2022
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