Invest
Twitter looks to woo side hustlers with crypto tips
Twitter will now let users tip one another in bitcoin, but not everywhere.
Twitter looks to woo side hustlers with crypto tips
Twitter has launched a new feature that lets users on the social network to tip one another, either in traditional currencies or cryptocurrencies like bitcoin.
“We want everyone on Twitter to have access to pathways to get paid,” the company said via a blog post.
“Digital currencies that encourage more people to participate in the economy — and help people send each other money across borders and with as little friction as possible — help us get there,” Twitter said.
While regular tipping is now available to iOS-based Twitter users worldwide, crypto tipping is only available to users in El Salvador and the United States. For now, anyway.
Commenting on the news, Kraken Australia managing director Jonathon Miller said that cryptocurrencies have had a fantastic year when it comes to mainstream adoption.
“Twitter accepting tips in cryptocurrency is another giant leap forward — and it perfectly aligns with the goal of cryptocurrency: letting users support their favourite creators, quickly, with a currency that has the same value no matter where they are in the world,” he said.
Mr Miller said that tipping is “just one of the mainstream problems cryptocurrency can solve”, and that he’s excited to see the next stages of Twitter’s branch into the world of digital payments.
The news follows earlier rumours that Twitter would begin to accept cryptocurrencies via an in-app tipping feature after a leaked screenshot suggested that the ability to link an ethereum or bitcoin wallet address to your Twitter account was in the works.
While Twitter themselves neither confirmed nor denied the rumour, Twitter’s head of product did retweet the screenshots with a coy caption: “Soon”.
The move also comes amid a broader pivot by Twitter towards the creator economy and CEO Jack Dorsey’s own efforts to position himself at the forefront of the crypto space.
Publicly, Mr Dorsey has suggested that Twitter will be a major element of Twitter’s business strategy going forward.
In a recent earnings call, he said that “if the internet has a native currency, a global currency, we are able to move so much faster with products such as Super Follows, Commerce, Subscriptions, Tip Jar, and we can reach every single person on the planet because of that instead of going down a market-by-market-by-market approach”.
“I think this is a big part of our future,” the CEO said.
About the author
About the author
Cryptocurrency
Institutional investors bolster cryptocurrency allocations amidst growing confidence
A recent study by London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund, has revealed a significant shift in the mindset of institutional investors and wealth ...Read more
Cryptocurrency
Institutional investors set sights on expanding crypto portfolios in the coming year
New research from London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund manager, indicates a significant positive shift in institutional investors' attitudes ...Read more
Cryptocurrency
BingX reports significant growth and innovation in 2023 amidst industry challenges
BingX, a prominent crypto exchange, has disclosed notable achievements in 2023, amidst a backdrop of global economic uncertainty and sector-specific turbulence. The company has managed to double its ...Read more
Cryptocurrency
Altcoin interest skyrockets as Bitcoin and Ethereum boost market optimism, study finds
Interest in altcoins and other digital assets is on the rise, propelled by growing confidence in the performance of Bitcoin and Ethereum, according to a new study conducted by Nickel Digital Asset ...Read more
Cryptocurrency
Global survey reveals bullish outlook on next Bitcoin halving among institutional investors
A new global survey conducted by Nickel Digital Asset Management, a premier digital assets hedge fund manager based in London, has highlighted a growing positivity among institutional investors and ...Read more
Cryptocurrency
Nickel Digital Asset Management reports strong 2023 performance, surpassing key financial indices
London's Nickel Digital Asset Management, a leading digital assets hedge fund, celebrated a stellar year with returns that significantly outpaced both hedge fund indices as well as traditional ...Read more
Cryptocurrency
Time to expand your crypto horizons: beyond Bitcoin for better returns
In an intriguing twist for cryptocurrency investors, it's suggested that the spotlight may be shifting from the long-time favourite, Bitcoin, to a broader spectrum of digital assets. Read more
Cryptocurrency
New Cosmos ETF offers access to ethereum
Cosmos Asset Management has launched another crypto ETF in Australia. Read more
Cryptocurrency
Institutional investors bolster cryptocurrency allocations amidst growing confidence
A recent study by London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund, has revealed a significant shift in the mindset of institutional investors and wealth ...Read more
Cryptocurrency
Institutional investors set sights on expanding crypto portfolios in the coming year
New research from London-based Nickel Digital Asset Management, a leading regulated digital assets hedge fund manager, indicates a significant positive shift in institutional investors' attitudes ...Read more
Cryptocurrency
BingX reports significant growth and innovation in 2023 amidst industry challenges
BingX, a prominent crypto exchange, has disclosed notable achievements in 2023, amidst a backdrop of global economic uncertainty and sector-specific turbulence. The company has managed to double its ...Read more
Cryptocurrency
Altcoin interest skyrockets as Bitcoin and Ethereum boost market optimism, study finds
Interest in altcoins and other digital assets is on the rise, propelled by growing confidence in the performance of Bitcoin and Ethereum, according to a new study conducted by Nickel Digital Asset ...Read more
Cryptocurrency
Global survey reveals bullish outlook on next Bitcoin halving among institutional investors
A new global survey conducted by Nickel Digital Asset Management, a premier digital assets hedge fund manager based in London, has highlighted a growing positivity among institutional investors and ...Read more
Cryptocurrency
Nickel Digital Asset Management reports strong 2023 performance, surpassing key financial indices
London's Nickel Digital Asset Management, a leading digital assets hedge fund, celebrated a stellar year with returns that significantly outpaced both hedge fund indices as well as traditional ...Read more
Cryptocurrency
Time to expand your crypto horizons: beyond Bitcoin for better returns
In an intriguing twist for cryptocurrency investors, it's suggested that the spotlight may be shifting from the long-time favourite, Bitcoin, to a broader spectrum of digital assets. Read more
Cryptocurrency
New Cosmos ETF offers access to ethereum
Cosmos Asset Management has launched another crypto ETF in Australia. Read more