News Just the Tip: New Tippin App Allows Bitcoin Micropayments...

Just the Tip: New Tippin App Allows Bitcoin Micropayments on Twitter

-

- Advertisment -

Just the Tip: New Tippin App Allows Bitcoin Micropayments on Twitter

Just the Tip: New Tippin App Allows Bitcoin Micropayments on Twitter

New app Tippin.me enables Twitter users to send tips in bitcoin to influencers and appealing content creators on the platform via the Lightning Network. The crypto social tipping startup has released a Google Chrome extension and Mozilla Firefox addon to facilitate the service. Could the app radically transform content appreciation on Twitter?

Also read: Binance Invites Users to Test its New Decentralized Exchange (DEX)

We love hearing from our readers. Sound off on our Twitter or Facebook pages
Check out our insights & interviews with influential insiders on the Bitsonline YouTube channel
And for the only source of UNFILTERED trading volume, head to CoinBillboard

Tippin Influencers With Bitcoin

Twitter users can now effortlessly send bitcoin micropayments to influencers using the Tippin.me app, offering a more material alternative to the customary “like”. To make the service instantaneous and less expensive than on-chain transactions, the app leverages Lightning Network — the second-layer Bitcoin scaling solution.

The fee and blockchain capacity issue is important. Once-popular social media bitcoin tipping service ChangeTip closed down in November 2016 — and although that was due more to a lack of revenue than high fees, the massive increase in transaction costs towards the end of 2017 could have finished it off later. Yours.org and MoneyButton creator Ryan X. Charles cited Bitcoin’s limitations as being prohibitive to micropayment tipping, shifting his focus first to litecoin (LTC) and then later to bitcoin cash (BCH) and bitcoin SV (BSV).

Using the service is relatively simple. To start tipping users must install the Tippin Chrome or Firefox extension, and log in with their Twitter credentials.

Enabling the extension would turn up a lightning bolt symbol adjacent to the DM button below every tweet.  

As Tippin.me is already live, some users tested the waters reporting minor glitches. Twitter user Paul Phishing Phighter ‏tweeted that the lightning bolt button did not appear. Apart from that, mainly positive sentiments were shared by most including ShapeShift.io CEO Erik Voorhees, who tweeted:

While the service is currently limited to Twitter, Tippin creator Sergio Abril plans to move it to other platforms.

Incentivizing Social Media With Bitcoin

As such the Tippin app certainly falls in line with Twitter CEO Jack Dorsey’s’ viewpoint that tipping users with bitcoin was a plausible thought, and the Twitter team is pondering building a native version.

Speaking on the Stephan Livera podcast, Dorsey stated: “I think there’s a lot there […] It’s really compelling, and it’s something that we want to spend a lot more time on.”

Meanwhile, Jeremy Welch, CEO of Casa  — which operates Lightning Network nodes, hinted that it won’t be surprising if Twitter would introduce Bitcoin payments via the lightning network.

Meanwhile, Dorsey’s comment indicates an in-house bitcoin micropayment service, but there have been no such announcements as of now. Evidently, the social media tokenizing market is becoming more competitive with Tippin having the first mover advantage.

That advantage would likely dissipate should Twitter introduce and streamline its own system.

Last year Brave, the privacy-centric web browser, announced it would introduce a token-based tipping system for Twitter and Reddit that would use the browser’s native cryptocurrency, Basic Attention Token (BAT). The system was akin to Tippin whereby the user would link their social media accounts to in-browser BAT wallets.

While all these tipping services are meant for to tip influencers and appealing content creators, users can also use it to exchange crypto tokens among friends.

Will you use the Tippin app? Share your views in the comments section.


Images via Pixabay



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...
- Advertisement -Just the Tip: New Tippin App Allows Bitcoin Micropayments on Twitter

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

Must read

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued...
- Advertisement -

You might also likeRELATED
Recommended to you