Twitter may soon add Bitcoin, Ethereum addresses to profiles

Twitter may soon add Bitcoin, Ethereum addresses to profiles
Photo Credit: Pixabay
3 Sep, 2021

Micro-blogging platform Twitter may soon develop a new functionality that will allow users to accept payments in Bitcoin and Ethereum via its Tip Jar feature.

The company had launched the feature earlier this year, allowing users to ‘tip’ influencers for their tweet. So far, Twitter has allowed users to add payment modes like Razerpay, PayPal and others to their accounts.

However, Italian developer Alessandro Paluzzi tweeted screenshots showing that Twitter will allow influencers to add Ethereum and Bitcoin addresses to their Tip Jar accounts soon. Paluzzi’s tweet, of course, doesn’t confirm the feature. But it was also retweeted by Kevin Beykpour, product lead at Twitter.

Beykpour’s retweet doesn’t necessarily mean he’s confirming the feature, but he did add a lightning emoji and a sign that says ‘soon’ in his tweet. The feature has also been reported by Macrumours earlier. On August 31, the publication reported that the ability to add Bitcoin and Ethereum wallet addresses to Tip Jar accounts has been spotted on Twitter’s beta version as well.

Additionally, Bitcoin being a “big part” of Twitter’s future was also confirmed by Twitter’s CEO, Jack Dorsey, during the company’s earnings call in July this year. Dorsey himself has been a big supporter of cryptocurrencies, having spent over $23 million in February to establish a 500 BTC fund alongside rapper Jay-Z, which would be used to promote development in countries like India and Africa.

Dorsey’s payments platform, Square, has also laid out its plans to include cryptocurrencies within its platform. Square had invested over $170 million in Bitcoin in February this year, and had also made an investment in October 2020.