Twitter is experimenting with blockchain technology.
Users around the world will be able to post their bitcoin wallet directly to their profile starting today, according to the social media giant, while a smaller portion will be able to embed a bitcoin payment app more directly. The addition of bitcoin payments to Twitter via Tips (formerly known as Tip Jar) coincides with the global rollout of Tips to all iOS users, with Android support coming soon.
In a press call on Thursday (Sept. 23), Esther Crawford, Twitter’s product lead for creator monetization, said that “people will be able to add a bitcoin lightning wallet or their bitcoin address to give and receive Bitcoin Tips from today”.
Users in the United States (excluding residents of Hawaii and New York) and El Salvador will be able to send and receive bitcoins over the Lightning Network using the third-party Strike app, according to a Twitter blog post. Additionally, users will be able to add bitcoin addresses to their profiles.
To put it another way, it doesn’t look like Twitter is going to be actively involved in bitcoin transactions. Rather, Twitter is making space on its platform for other companies to do the same.
Worth noting is Square’s Cash app, which was founded by Twitter CEO Jack Dorsey and allows users to buy and sell bitcoin.
Crawford also discussed Twitter’s interest in non-fungible tokens and how they are being used on the platform at the moment. Many NFT owners use their NFTs as profile pictures, and Twitter is looking to explore ways to make this a more formal practice.
“We’re really excited to start looking at NFT authentication,” he said. “It’s a way to show support for artists who make beautiful art by providing a stamp that verifies its authenticity. People can track and display their NFT ownership on Twitter by allowing them to directly connect their crypto wallets.”
It’s still unclear exactly what that entails. Will verified NFT profile photos be tagged as such, and if so, how?
“Basically, we’re interested in making it visually evident that this is a verified avatar and then giving you some fascinating information and insight into where that NFT came from,” Crawford explained.
To put it another way, Twitter recognizes that NFTs and bitcoin aren’t going away anytime soon, so it decided to adopt what’s currently happening on its platform naturally.
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Categories: Technology
Source: vtt.edu.vn