Leak Suggests Twitter’s Crypto Tip Jar Adding BTC, ETH Addresses to Profiles
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Leak Suggests Twitter’s Crypto Tip Jar Adding BTC, ETH Addresses to Profiles

1 year ago

Does all of this mean that Jack Dorsey's Bitcoin maximalism is starting to fade a little bit?

Leak Suggests Twitter’s Crypto Tip Jar Adding BTC, ETH Addresses to Profiles

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Rumors that Twitter is getting closer to adding crypto payment to its Tip Jar feature got a big boost yesterday when a mobile developer showed Bitcoin and Ether addresses may be coming directly to profiles.

Alessandro Paluzzi’s September 2 tweet showed a screenshot of his account offering a way to attach a Bitcoin or Ether address directly to his profile. 

Tip Jar is a new feature that allows content creators to collect donations from followers.

On September 1, the well-respected MacRumors website found inactive code in a beta version of Apple’s latest iOS mobile operating system. Paluzzi did the same, showing a screenshot detailing how Twitter would use the Lightning Network’s Strike app to facilitate Bitcoin tips.
That meshed well with previous comments by Twitter CEO Jack Dorsey, who is a strong Bitcoin booster. In a July earnings call, Dorsey said he planned to integrate Bitcoin into a number of Twitter’s products, ranging from e-commerce to the new Tip Jar and Super Follows. The latter allows creators to build firewalled, paid-access sections to their accounts 

The Ether Surprise

One surprising aspect of Paluzzi’s latest post is the addition of Ethereum. 

Dorsey has made Bitcoin trading a big part of his payments firm Square’s ecosystem. It has paid off, providing an outsize percentage of Cash App’s profits. Beyond that, Square currently has about $400 million invested in Bitcoin.

Dorsey is considered to be something of a Bitcoin maximalist, as he has not gotten behind altcoins and has said Bitcoin is the only cryptocurrency he owns. He has also been a staunch supporter of Bitcoin Layer 2 solution Lightning, which both Paluzzi and MacRumors said would be intimately involved in Twitter’s Bitcoin offerings.

During Twitter's July 22 earnings call, he said: 

"If the internet has a native currency, a global currency, we are able to 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."
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