You Can Now Tip With Bitcoin on Twitter: Here's How

Twitter users with iOS devices can now connect third-party tipping services to their profiles beginning on Thursday.

The function allows users to link to both Bitcoin addresses and Lightning Network addresses, and Twitter will not take a cut of any money sent through the new, so-called "Tips" feature.

For now, the feature is only available on Twitter iOS apps, representatives did note that Tips will be launched for Android systems in the near future, though no release date was given. The company did not indicate when or if the new feature will be available on the web version of Twitter.

Set-up for the function starts on a user's profile page and then clicking on the "edit profile" icon on the upper right side of the screen. There will be an option below the user's birthdate field for "tips," which can then be turned on.

An icon will appear on the profile that resembles dollar bills. When other users press that button, they can send money to accounts set up with services such as Bandcamp, Cash App, GoFundMe, Patreon, etc.

The company also tweeted out visual directions for setting up Tips.

oh you also love money? here's how to send and receive Tips pic.twitter.com/tCnzgrJEGE

— Twitter (@Twitter) September 23, 2021

The announcement regarding the launch of the Tips feature is not unexpected. Twitter first tested tipping as a feature in May as a way for creators to accept online payments from their followers for the content posted on the social media platform.

Twitter CEO Jack Dorsey had also indicated the feature was coming. In June, after being asked about linking to the addresses in a tweet, Dorsey replied by simply writing, "only a matter of time." On top of that, Dorsey also has a financial stake in Lightning after providing $2.5 million in seed investing in Lightning Labs in 2018.

Tips works by using third-party payments services like the Strike app, which is powered by the Lightning Network to exchange cryptocurrency. Different payments options or tipping services will be available to users in different countries, though Twitter said Bitcoin and Lightning options will be available worldwide.

Twitter product team member Esther Crawford told Reuters, "There's this great opportunity for us to choose global, barrier-less options, and Bitcoin represents one of the best options. We know not everyone around the world transacts with Bitcoin yet, but we think it's one of the better solutions."

In other news announced by the company Thursday, Twitter will also soon add non-fungible token (NFT) verification features to the platform, which should hold appeal for users of the digital art as avatars on the platform. The feature is still in the works with no specific timeline given for its availability.

Twitter : Illustration
Twitter users with iOS devices can add a tipping feature to their profiles beginning Thursday. This photo illustration shows a Twitter logo displayed on the screen of an iPhone in front of a computer screen displaying a Twitter logo. Photo by Chesnot/Getty Images