Twitter has chosen to accept Ethereum (ETH) addresses to be added to its site so that people can offer tips and demonstrate backing for a Twitter user’s thoughts. This follows after the microblogging site included Bitcoin transactions to its Tips Jar function a few months ago. Jane Manchun Wong, a reverse engineering expert, stated in November that Twitter was focusing on integrating ETH wallets.
The procedure of registering an ETH wallet address has been simplified, as users who consent to Twitter’s modified tipping policy can replicate another’s Bitcoin or Ethereum address and enter it into whichever wallet they choose. The update was revealed on Wednesday, 16, February 2022, through a tweet from the social media site’s official support handle.
In a report, Twitter’s Lead Product Manager of Creator Monetisation, Johnny Winston, stated,
“We’re continuing to expand ways to get paid on Twitter, which includes more choices for creators and fans who want to use crypto. We’re excited to add the ability for anyone to add their ETH Address to Tips.”
It’s important to bear in mind that it’s unsure if Twitter Tip Jar will allow other Ethereum-based tokens, such as ERC-20 tokens and stablecoins, or if it would limit to ETH for the meantime.
Ethereum wallets not the only new feature to the Tip Jar
The blog read that users can link their transaction information for third-party providers such as Venmo, Razorpay, or Cash App to their Twitter Tip Jar account, which was first established in September. Anyone interested in paying a Twitter user for their knowledge can do so. However, Ethereum wallets aren’t the only new feature that Twitter’s Tip Jar service supports.
Twitter has recently added Paytm as a mode of payment for its Tips Jar function. Users can press the Tips symbol on any profile with the function activated to be redirected to the app and make the transaction. Furthermore, users would be able to transfer money through UPI, credit and debit cards, and internet banking, among other options, now that Paytm has been added as a payment provider.
The inclusion of Ethereum wallets to the renowned social media network signifies a strengthening relationship between cryptocurrency and the microblogging site in terms of crypto acceptance. At the time of writing, Ethereum (ETH) was priced at $2,901.89 and had plunged by 8.39%.