Twitter boss optimistic about the growth of Twitter cryptocurrency tipping
By Bob Garcia
A pilot cryptocurrency tipping program for Twitter has been running well
It seems that Twitter CEO Jack Dorsey is not at all sorry for taking advantage of his platform’s popularity to merge it with the crypto space. The head of one of the most famous social networks in the world today has once again reiterated that he feels positive about this Bitcoin (BTC) tipping initiative.
Last month, Twitter became the first recognized social media platform to implement BTC tipping, which aims to give users the opportunity to send BTC directly to any of their favorite content creators through the site’s native interface. With the help of Bitcoin Lightning Network, users can send their BTC at settlement times almost in the blink of an eye, which makes the process much more bearable, and makes it a great experience for everyone involved.
During the company’s Q3 earnings call two days ago, Dorsey was asked about how cryptocurrencies play into the company’s overall global strategy, and he responded, “It [Bitcoin tipping] allows for much more speed. Both tipping subscriptions are new. These are products that we want to make sure that again, we started small and we figure out the right product that people want to stick with and they’re evaluating every single day. And then we’ll roll them out to more and more people and scale it and continue to iterate on the product.”
Dorsey said plans may not simply be limited to the current ones, but could also integrate BTC tips with business initiatives in the future, which could mean creating partnerships with advertisers on the platform. Whatever decision Dorsey and his team make, it is likely to have great significance, especially as the number of monetizable users on Twitter has grown by 13% year on year to 211 million worldwide.