to make payments with the help of virtual currency, including bitcoin. Moreover, PayPal PYPL allowed its customers in the United States as well as the U.K.
Other notable companies that recently backed cryptocurrencies including bitcoin are Square, Inc SQ and Tesla TSLA, which revealed its investments worth $1.5 billion into bitcoin in February. A few months ago, Twitter did a giveaway of NFTs that were minted on a marketplace called Rarible. NFTs have recently gained popularity as a way to buy and trade digital art on the Ethereum blockchain. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The feature will let users track and showcase their NFT ownership on Twitter by allowing NFT creators to connect their crypto wallets to Twitter. This Zacks Rank #2 (Buy) company also plans to support authentication for non-fungible tokens (NFTs), which are digital assets such as images or videos that exist on a blockchain. Twitter will also generate invoices for creators to track the tips they receive. Twitter’s app will notify someone when they receive a Bitcoin tip through Strike, letting them quickly reply to the tipper to thank or send an emoji reaction.
Image Source: Zacks Investment Research Endeavors Toward the Adoption of Cryptocurrencies The stock has returned 23.1% in the year-to-date period against the Zacks Internet – Software industry’ decline of 3.8% and the S&P 500’s rally of 18.2%, respectively. The recent launch is expected to boost user engagement and performance of Twitter’s shares. It will now expand to global audiences on iOS with Android coming soon. The Tip Jar feature was introduced in May as a beta product, allowing users to send and receive one-time payments through third-party services like PayPal, Venmo, Patreon, Cash App, Bandcamp and others. Lightening wallets are popular among users in the crypto community due to their lower transaction fees.īesides Bitcoin, Twitter will let users connect nine traditional payment providers to their profiles to accept tips. That can be copied and pasted into any crypto wallet of choice to transfer bitcoin tips. In addition to their Strike usernames, users will be able to add a Bitcoin Lightning wallet or their Bitcoin addresses to their profiles.
To participate, users in eligible geographies must create a Strike account which is currently available across the Unites States except New York and Hawaii, and the country of El Salvador. The company is integrating bitcoin payments through Strike, which uses the Lightning Network - a blockchain-fueled network that enables real-time transactions. Twitter TWTR recently announced that it will enable users to tip their favorite content creators with bitcoin besides third-party payment providers, marking its path among major social networks that encourage use of the cryptocurrency as a method of payment.
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