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Learn about the Bitcoin support feature that Twitter launched for its users!

Learn about the Bitcoin support feature that Twitter launched for its users!

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Answer Learn about the Bitcoin support feature that Twitter launched for its users!

Twitter, the favorite social network for cryptocurrency enthusiasts, has announced that it will allow its users to send bitcoins to any account.

The announced feature from Twitter is part of a larger initiative, as the company is expanding its support for various payment tools of all kinds, including “Patreon”, “Cash App”, “Venmo”, “Razorpay”, “GoFundMe” and “PicPay”. With some additional options such as support for purchase and payment via QR code.

Twitter embraces Bitcoin:

In an article entitledBringing advice to everyoneEsther Crawford, product manager at Twitter, explained that cryptocurrencies are in line with Twitter’s philosophy, stating:

We want everyone on Twitter to have access to an easy way to get paid.

Read:Terra Buys Another $176 Million Bitcoin…Details Here

Cryptocurrencies encourage more people to participate in the economy and help people send money to each other across borders with the least amount of action possible.

The aforementioned article states that Bitcoin payments will occur on the Lightning Network thanks to the partnership with Strike.

The “Lightning Network” is an experimental Layer 2 solution aimed at increasing the scalability of Bitcoin that allows instant transactions at the lowest cost.

Although this is the first time that Twitter has introduced support for Bitcoin micropayments, the truth is that Twitter users have already gone through this experience.

Currently, Bitcoin payments are only available for iOS users.

User Crawford said on Twitter that this new feature will also be present on Android devices in the coming weeks.

Bitcoin fanatics:

Twitter CEO Jack Dorsey is known to be one of the staunch Bitcoin fanatics.

Read:NFT Transactions on Solana Blockchain Exceed $1.5 Billion

On many occasions, he mentioned that Bitcoin could become the internet currency while ignoring other cryptocurrencies such as Ethereum or Cardano.

Given the scale of Twitter, this could be the first step towards the global adoption that the crypto community has always dreamed of.

Read:The founder of Cardano is optimistic that the ADA ecosystem will receive massive inflows of transactions

It seems that things won’t stop when Twitter supports Bitcoin payments. According to Mashable, Twitter developers are exploring the use of NFT within the platform as a decentralized form of identity protection.

Twitter has not explained exactly which product its development team was expecting to release, nor which blockchain would be chosen to mint the NFT, however once the service goes live, it will be clear to the world that Twitter supports the crypto and blockchain arena.

Read also:

Three reasons behind the record rise of the digital currency AVAX by 800% in two months!

UAE Securities and Commodities Authority (SCA) Approves Support for Cryptocurrency Trading


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