Twitter is working on a feature that would let users include their Bitcoin and Ethereum wallet addresses on their accounts. Twitter Tip Jar was launched in May, and this upgrade is thought to be a part of it. It also adds to news that Twitter would allow content producers to accept Bitcoin (BTC) tips.
Alessandro Paluzzi posted pictures on September 3, showing BTC and Ethereum (ETH) wallet address choices at the toolbar setup of the Twitter app version. Beykpour, Twitter’s product head, reposted Paluzzi’s article regarding the BTC tipping function, also including the lightning emoji and “soon” arrow.
— Kayvon Beykpour (@kayvz) September 1, 2021
Jack Dorsey, Twitter’s CEO, has indicated that the social media company is considering adding support for Bitcoin tipping as part of its wider ambitions to incorporate the cryptocurrency into the site.
Twitter CEO Jack Dorsey said in an interview with investors earlier this summer that Bitcoin will be a “huge part” of Twitter’s future, according to TechCrunch. Twitter has not yet given any indication of how big a role Bitcoin would play in their business or of when it will become involved.
Square’s TBD Decentralized Bitcoin Exchange
Jack Dorsey, CEO of both Square and Twitter, announced Friday that TBD is working on a decentralized bitcoin exchange to be Square’s next payment giant.
Mike Brock, who was chosen as the project’s head, said separately that they are working on this issue: using a Bitcoin platform to simplify the use of non-custodial wallets in all areas of the world. Dorsey said in July that Square will set up a new business, which would be able to provide non-custodial, decentralized financial services.
— jack⚡️ (@jack) August 27, 2021
Prior to this announcement, the initial plans were made to create TBD as an open development platform, as well as the basis for many DeFi services. Dorsey stated that the undertaking will unite Square’s Seller and Cash App businesses with its recent acquisition, Tidal, and its Seller and Cash App businesses. Square has so far supported a large number of crypto initiatives. Bitcoin wallets don’t come with custody.
As well as being heavily engaged in cryptocurrencies, Square has also poured money into its development efforts. Currently, the business has approximately 8,000 BTC, which is equivalent to around $393 million.
Because Dorsey is a believer in Bitcoin, the company is looking to create the project entirely using the Bitcoin infrastructure. Mike Brock, the leader of RSK, a Bitcoin smart contract platform, mentions the concept of using the platform as an alternative. While he recognized that some pieces of the puzzle may need other blockchains, he also pointed out that.