Does all of this mean that Jack Dorsey's Bitcoin maximalism is starting to fade a little bit?
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.
Tip Jar is a new feature that allows content creators to collect donations from followers.
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."