Last year, Twitter announced that they would be introducing a tipping feature in which users can tip their favorite creators, similar to how you would tip streamers on Twitch. Now the company has announced that they will be supporting tips that are paid using Ethereum. This is in addition to support for bitcoin which they introduced back in 2021 as well.
For those unfamiliar with the concept, tipping on Twitter basically allows creators to have another source of income. If you follow a creator on Twitter and you enjoy their posts and want to show a bit of support, you can send them a tip. This is a one-time deal and you can keep sending as many times as you want and however much you want.
Have you set up Tips on your profile yet so it's easy for people to show their support?
Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address.
No: What are you waiting for? Here's how: https://t.co/Id5TwTpnCF
— Twitter Support (@TwitterSupport) February 16, 2022
Twitter’s expansion of support for cryptocurrency doesn’t really come as a surprise as the company seems to be interested in blockchain tech. Not too long ago, Twitter announced that users who are subscribed to their Twitter Blue subscription service will also be able to put NFTs they own as their profile pictures.
That being said, it will be interesting to see how many people actually will tip using cryptocurrency. This is because of the volatile nature of crypto where the value can fluctuate wildly during a day, so holding 1 ETH today might not be worth the same as the next day.