Twitter starts rolling out BTC tips but does it really?

Twitter announced in a blog post that it started rolling out tips to its platform.

Quick takeaways:

  1. Twitter will require you to register and verify at third-party companies: Cash App, Patreon, Venmo, Bandcamp, Chipper, Razorpay, Wealthsimple Cash, GoFundMe, Picpay, Strike. It is not clear if transactions will be Venmo-to-Venmo only, CashApp-to-Cashapp only but I assume it is the case.
  2. It is possible to add your own Bitcoin address to your profile to receive BTC: “Through Tips, you’ll also be able to copy someone’s Bitcoin address and paste their address into whatever Bitcoin wallet you use.”
  3. Strike is only available to El Salvador and the U.S. (excluding Hawaii and New York) but it is possible to send BTC to a Strike user from any BTC wallet.

In conclusion, Twitter doesn’t actually integrate any Bitcoin tipping wallet internally, it merely links to BTC addresses or Strike usernames. Users are required to go create external wallets. How many casual Twitter users will actually do it? It is in fact not much different than putting your BTC address in your profile description and hope for someone to send a tip from an external wallet.

References:

kimcoin

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