Jack Dorsey, CEO of Twitter and Square, has been an outspoken advocate of Bitcoin (and cryptocurrencies in general). Earlier this year, he announced the creation of a new division within Square called TBD, with the goal of creating a decentralized Bitcoin exchange (known as a DEX in crypto world). In partnership with Jay Z, he launched a $23.6M Bitcoin fund and has pulled organizational patterns from cryptocurrency, most notably demonstrated in his move to make Twitter decentralized via its Bluesky Initiative. He’s mentioned that Bitcoin is one of the key trends for the future of Twitter.
This week, leaked images of Twitter’s upcoming tipping feature emerged online, which included Bitcoin and Ethereum addresses in the interface. Dorsey has previously mentioned using cryptocurrencies for tipping on Twitter, so this leak is in line with expectations. This move could integrate cryptocurrency into the daily life of the 199 million monetizable daily active users (their method of reporting users) on Twitter and would be a monumental leap forward in making cryptocurrency mainstream.
In addition to tipping via Bitcoin and Ethereum, the leaked images indicate users will also have the option to tip via Cash App (a Square product), Patreon, and PayPal. This update comes at the tail of a very productive year for Twitter, which featured the rollout of audio rooms (Spaces) like ClubHouse, integrated newsletters on your profile, and paid features like Ticketed Spaces and Super Follows.