Twitter has become one of the social media networks that have been fully involved in the cryptocurrency space, from adding a Bitcoin tip to adding hexagonal NFT profile pictures feature and now an Ethereum tip.
Ethereum Wallet Addresses Now Used For Twitter-native Tips
According to an announcement on February 16, the company stated that Ethereum wallet addresses are now used for Twitter-native tips. The social media giant added bitcoin tips in September. Users can now also add their Ethereum wallets to the product. (Note: It’s only available on mobile devices.)
Twitter founder and former CEO Jack Dorsey might be a devout Bitcoin bro, but since he’s abdicated his throne as head tweeter… why not send an ETH tip? Today, Twitter added a number of new payment options for its tip jar feature, including Ethereum addresses. Twitter also now supports international fintech providers Paga, Paytm and Barter by Flutterwave, expanding tipping to users in Nigeria, India and Ghana.
Bitcoin tips were already enabled on Twitter via Strike’s Lightning Network, which reduces fees on payments. But the addition of Ethereum supports Twitter’s foray into non-Bitcoin crypto features, like the infamously hexagonal NFT profile pictures.
The move comes as Twitter continues to explore the Ethereum ecosystem. The company rolled out non-fungible token (NFT) verification for paid Twitter Blue subscribers last month. However, a Twitter spokesperson told news media that Ethereum wallet support is available to all users who agree to the company’s tipping policy.
The new feature does not support Ethereum Name Service (ENS) domains, the spokesman said. The company confirmed that it will support tipping with ETH and ERC-20 tokens, including Ethereum-based stablecoins.
Johnny Winston, Twitter’s senior product manager for developer monetization in an interview stated that they continue to expand the way we get paid on Twitter, which includes more options for developers and fans looking to use cryptocurrency and they are happy that everyone can add their ETH address to Tips.
Twitter also said it rolled out the tips feature in Nigeria, Ghana and India.