Twitter, one of the social media giants used by the majority of the people around the world, has recently considered taking some large steps into crypto with a highly-anticipated feature that would allow users to be tipped from their tweets.
During a recent talk on the Stephan Livera podcast held on Monday, CEO of Twitter, Jack Dorsey stated that Bitcoin tipping using the Lightning Network on Twitter was a very interesting idea.
“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,” Dorsey said, adding that there is “a pretty active conversation within the company.”
According to Dorsey, Bitcoin tipping through the use of Lightning Network would provide a much needed economic inventive for Twitter users, not only its audience reach. Jack Dorsey is among investors for Lighting Labs, the developers behind Lightning Network, which allows for a rapid and cheaper off-chain bitcoin transaction.
During the end of 2016, Twitter had amassed over 321 million monthly active users, or 3% less than its previous year, according to the company’s latest earnings release.
Jack Dorsey has previously commented in the past that he loves the idea of allowing Twitter users to tip each other with bitcoins, and during an interview held on the Joe Rogan Experience podcast during the previous month, he also went on to say that he explains his belief on why he considers bitcoins to be different compared to other cryptocurrencies. Even more so, the stated with complete confidence that bitcoins will become the world’s single currency in the future.
During a recent discussion with the CEO of Lightning Labs, Elizabeth Stark, during a podcast on Monday, Dorsey elaborated on the possible chance of integrating the Lighting Network with Square’s Cash app, a popular mobile payment application.
“It’s not an ‘if,’ it’s more of a ‘when,’ and how do we make sure that we’re getting the speed that we need and the efficiency,” according to Dorsey