The Bitcoin ($BTC) tipping feature went live on Twitter today for iOS users, making it the first global monetary network. The BTC tipping would be facilitated via a layer-2 solution lightning network. Twitter has partnered with Strike, a BTC wallet app based on the lightning network, to build the infrastructure and API for the integration, and after months of testing the feature is now live for iOS users with Android to follow soon.
Jack Mallers, the founder of Strike took to Twitter to announce and demonstrate the BTC tipping feature which was later shared by Jack Dorsey. Apart from Bitcoin, Twitter would allow the integration of 9 payment apps such as CashApp and Venmo.
The BTC tipping integration would also promote the use of lightning networks whose adoption has grown many folds over the past few years. There are currently 72,380 payment channels open on the layer-2 solution which is a 226% increase from the baseline of 32K open channels in 2019-20.
As the BTC tipping feature went live on one of the most popular social media platforms, Twitter also revealed its big NFT plans. The platform said it would also introduce NFT authentication services that would allow users to integrate their NFT wallets into their Twitter accounts. Twitter CEO Jack Dorsey is an avid Bitcoin proponent who has announced a number of plans with BTC at the center of it. Apart from integrating BTC tipping into Twitter, Dorsey-led Square is working on a hardware wallet and Decentralized Finance on top of Bitcoin.
Bitcoin price breached the key resistance of $45K today, rising from a daily low of $43,400. The top cryptocurrency has lost nearly 20% of its market cap in the past three weeks after falling from a monthly high of $53,200.
The top cryptocurrency consolidation is expected to see a trend reversal as the historically bearish month of September is nearing the end, while whale accumulation and Bitcoin millionaire addresses continue to soar in anticipation of price rise in the near future.
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