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Twitter set to implement Bitcoin payments & NFT features By BTC Peers

by Mike Robinson

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© Reuters. Twitter set to implement Bitcoin payments & NFT features

Twitter (NYSE:) is set to add (BTC) lightning payments and a non-fungible token (NFT) authenticator feature to its platform.

Twitter announced it will be adding tipping to its iOS app. Users will be able to use the third-party tipping service to add Bitcoin addresses or make cryptocurrency payments.

According to the announcement, Twitter will also be adding a non-fungible token (NFT) verification feature. Investors are investing millions in digital collectibles and NFTs have been very popular.

The NFT function is still under development, and there’s no date set for release.

Twitter’s “Tips” service will immediately be available on iOS devices. The announcement also stated that an Android version of the service would soon be made available.

Twitter won’t handle any funds. Twitter will use third-party payment processors like Strike App, and it will not receive any commission on payments made through the platform.

A highlight from the announcement of the “Tips” service is the ability to tip in bitcoin. Esther Crawford from the firm’s product team stated that all Twitter users worldwide would have the option to tip in Bitcoin. She added:

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.

BTC PEERS had previously reported that Twitter was developing a Bitcoin tipping tool that would enable users to give Bitcoins as rewards to content creators. Early codes that were analyzed suggested that Twitter would be looking to implement a “Tip Jar” that included third-party payment processors.

Jack Dorsey (CEO of Twitter), is well-known for his advocacy for crypto. He also stated that Twitter might be considering a BTC payment option. Dorsey didn’t lie after all.

With this out of the way, one could assume that Dorsey will move over to work on building a decentralized exchange of the Bitcoin network.

Continue reading on BTC Peers

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