Twitter Jack Dorsey launches crypto tipping for all users. Stocks Gains.

Twitter, announced yesterday that it partnered with Zap’s very own payment application, Strike to foster Bitcoin tipping payments on its platform, the share price of Twitter surged by nearly 4%.

In a Thursday blog post, Twitter staff product manager Esther Crawford said the crypto tips feature would be available for all iOS users globally and the platform plans to roll out options for Android in the coming weeks. The crypto option will allow users to link third-party apps, including Cash App, Patreon, Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay, and Wealthsimple Cash — depending on their region — to their Twitter bios and individual Tweets to receive funds.

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“We want everyone on Twitter to have access to pathways to get paid,” said Crawford. “Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible — help us get there.”

But unlike Facebook, Twitter will one day focus on BTC as a native internet open standard. Dorsey stated:

“There’s an obvious need for this and appreciation for it. And I think that an open standard that’s native to the internet is the right way to go, which is why my focus and our focus eventually will be on Bitcoin.”

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