Everyone will soon be able to press Bitcoin on Twitter TWTR,
Makes the social media platform one of the first important notable companies to offer such payment features on its platform.
The announcement comes after the site had been testing such features for months. Tips for Apple iOS users will be available later this week and for those who are using Android devices next week.
And when the idea of using Bitcoin BTCUSD,
While Bitcoin enthusiasts seem to be tiny feathers in caps as a means of making money on Twitter, a number of crypto bulls were quick to highlight the significance of this feature on the Jack Dorsey-powered platform.
Micro Strategy MSTR,
CEO Michael Siller shared a tweet from Jack Maillers, the founder of Hoodie Wearing Strike, who highlighted at least one possibility of bitcoin tipping on Twitter: remittance payments.
In an unauthorized office ignoring the Chicago skyline, Malaris uses the Twitter tipping function to send bitcoin to a person who claims to be in El Salvador, the country that has made Bitcoin its official legal tender.
“Yeah … we’re in Chicago and we found David here at a Starbucks SBX,
El Salvador. David has a Strike account linked to his Twitter account and we’re going to make a free instant, cash-final remittance payment on Twitter, “Malars said.
After sending the equivalent of 10 on the app, the mallers say “Boom!”
“We just made an instant, free remittance payment on Twitter.”
“Why would anyone ever use Western Union WU,
Again? When you take one of the largest social internet networks in the world and you combine it with the best open financial networks in the world, Twitter accidentally becomes one of the best remittance experiences in the world, ”said Malars.
“Western Union [King’s] E4, the pad for your move, “at the end of the video tells Maillers about a common chess opening move in the fires. Western Union shareholders, however, felt unsettled as its stock rose 1.2% late Thursday.
It is no coincidence that Malaris is conquering the Twitter feature, using its strike network to facilitate tipping of social media platforms.
Strike, a Chicago-based startup that Malars launched with its parent company Zap Technologies, is also known to help El Salvador accept bitcoin.
Dorsey, on his part, is a staunch supporter of Crypto and runs Square Inc. SQ,
Which features crypto on its platform.
Twitter added that it aims to provide a feature that will allow users to authenticate unwanted tokens or NFTs on its platform.
But overall, tipping remittance transfers to Bitcoin seems less likely to gain much traction on Twitter. Bitcoin, the world’s No. 1 crypto in terms of market value, has been seen as a treasure trove of value, and has gained a notoriety for changing its gut-wrenching value.
Its associative resources with Ether ETHUSD are not very good,
Ethereum blockchain and meme resources dogecoin DOGEUSD,
Also sharp gains and sharp swings seen far less than years ago.
One big fear is that trading in Bitcoin or Ether is just to see the wealth rise (or fall). In fact, about 11 years ago on May 22, Lazlo Haniyez, one of the first recipients of the new cryptocurrency Bitcoin, which was just coded into existence, bought a pair of Papa Johns pizza pies using 10,000 bitcoins. Shopping in 2010 was worth about $ 41 million, but it would be worth 44 44 million.
However, Twitter’s shares rose 3.7% during the session and 23% year-over-year, compared to Dow Jones Industrial Average DJIA’s 1.7% gain,
And 1.4% gain per day for the S&P 500 Index SPX,
The Dow has risen 14% so far, while the S&P 500 is up about 19% in 2021.