Twitter Launches Bitcoin Tipping Feature on iOS, With Android Coming Next

Twitter just rolled out a new feature that allows users to send payments in Bitcoin (BTC).

The social media giant says the new “Tips” option enables Twitter users to send funds to virtually anyone on the platform.

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The feature is powered by Strike, an app that processes BTC transactions via the Lightning Network, enabling free and instant payments worldwide.

People in El Salvador and the US, except those in Hawaii and New York, are eligible to use Strike to receive BTC.

“We want everyone on Twitter to have access to pathways to get paid.

Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible – help us get there.”

Users can also add their Bitcoin address to their profile when they enable Tips. This will allow others to just copy and paste the address into any crypto wallet for sending payments directly.

Besides crypto, Tips also supports several other payment platforms. Users can link and receive funds through the following:

  1. Bandcamp
  2. Cash App
  3. Chipper
  4. Patreon
  5. Razorpay
  6. Wealthsimple Cash
  7. Venmo
  8. GoFundMe
  9. Picpay

Twitter says it is initially launching the feature on iOS and will roll out a version for Android over the coming weeks.

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Bitcoin hits $45K, TWTR stock price rises 3.8% after BTC tipping comes to Twitter

Bitcoin (BTC) hit four-day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Twitter stock surges 3.8% on Bitcoin news

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,180 on Bitstamp.

The largest cryptocurrency had struggled to overcome resistance at $44,000, but the Twitter announcement provided some much-needed bullish momentum.

The social network rolled out the first phase of its Lightning Network tipping feature via payment gateway Strike for iOS users Thursday. Other interfaces would soon follow, Strike confirmed, with other tipping partners in the pipeline and set to be announced in the coming weeks.

“What the internet did for communication, Bitcoin and the Lightning Network is doing for money,” CEO Jack Mallers summarized in an accompanying blog post.

Twitter immediately felt the benefits, its stock up nearly 4% after yesterday’s close. A video from Mallers showing him using the new tipping feature meanwhile attracted 1.6 million views in just 15 hours.

Now, already bullish Bitcoin traders were even more optimistic. For Rekt Capital, a trend continuation involving a dip, consolidation and eventual exit to the upside was well on track.

“Daily Closed just like that and a dip has indeed taken place today,” he tweeted Friday, showing the predicted BTC/USD trajectory.

“This was all done in an effort to establish trend continuation from this point. Bitcoin is following the black path well thus far.”

BTC/USD scenario. Source: Rekt Capital/ Twitter

Dollar dip boosts BTC

The macro picture also provided hope for Bitcoin, with stocks reversing upwards after suffering over Evergrande fears.

Related: Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion

The S&P 500 saw its best day since July Thursday, and Bitcoin maintained its positive correlation to equities.

The U.S. dollar, which had capitalized on stocks’ sell-off, fell dramatically, with the U.S. dollar currency index (DXY) bouncing off support at 93.

U.S. dollar currency index 1-hour candle chart. Source: TradingView