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Twitter rolls out ‘Tips’, a new way for users to support their favourite profiles

The social media platform is considering several new features to its platform in the hopes of increasing engagement.

Users will now be able to support their favourite profiles on Twitter by tipping them using several payment options including cryptocurrencies, the microblogging site announced in a blog. The followers will have to click on a cash icon next to the Follow button to use the feature, the blog added.  “Twitter takes no cut,” the blog declared explaining that the platform will not charge commissions on payments facilitated via Tips. The service will be rolled out on iOS initially and Android users will be able to access it in the next few weeks, the social media platform said. It is yet to divulge its plans for introducing Tips to users of its web application. Users have to be 18 or older to avail this feature. Twitter has been rolling out several new features of late as it tries to increase engagement on its platform. It has been keen to help creators monetise their tweets. Tips could be that conduit between content creators and their followers. This is also the first time that a major social media platform has acknowledged cryptocurrencies and listed them as a payments option.  Which services will facilitate the payments? Twitter has said that users can send tips via these platforms:  Bandcamp Cash App Chipper Patreon Razorpay  Wealthsimple Cash Venmo Twitter also announced that it has added GoFundMe, an online fundraising platform, and PicPay, a Brazilian mobile payments platform, to the list.  Bitcoin's moment in the sun Users will also be able to tip the accounts they…

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I cover several beats such as Crypto, Telecom, and OTT at MediaNama. I can be found loitering at my local theatre when I am off work consuming movies by the dozen.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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