Twitter just rolled out a new feature that allows users to send payments in Bitcoin (BTC). The social media giant says the new “Tips” option enables Twitter users to send funds to virtually anyone on the platform. The feature is powered by Strike, an app that processes BTC transactions via the Lightning Network, enabling free […]
The post Twitter Launches Bitcoin Tipping Feature on iOS, With Android Coming Next appeared first on The Daily Hodl.
Twitter's stock feels the benefit of the "orange pill" as surging stocks add to positive tailwinds for Bitcoin.
Bitcoin (BTC) hit four-day highs of $45,000 on Sept. 24 as the market digested news that Twitter had enabled BTC tipping.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $45,180 on Bitstamp.
The largest cryptocurrency had struggled to overcome resistance at $44,000, but the Twitter announcement provided some much-needed bullish momentum.
The social network rolled out the first phase of its Lightning Network tipping feature via payment gateway Strike for iOS users Thursday. Other interfaces would soon follow, Strike confirmed, with other tipping partners in the pipeline and set to be announced in the coming weeks.
“What the internet did for communication, Bitcoin and the Lightning Network is doing for money,” CEO Jack Mallers summarized in an accompanying blog post.
Twitter immediately felt the benefits, its stock up nearly 4% after yesterday's close. A video from Mallers showing him using the new tipping feature meanwhile attracted 1.6 million views in just 15 hours.
I just published Announcing the Strike API
— Jack Mallers (@jackmallers) September 23, 2021
Today, @Twitter enables free, instant, global payments for their users with their integration of the Strike API.
What the internet did for communication, #Bitcoin + the Lightning Network is doing for money.https://t.co/jHkY6knXkP pic.twitter.com/FXujknG7sM
Now, already bullish Bitcoin traders were even more optimistic. For Rekt Capital, a trend continuation involving a dip, consolidation and eventual exit to the upside was well on track.
“Daily Closed just like that and a dip has indeed taken place today,” he tweeted Friday, showing the predicted BTC/USD trajectory.
“This was all done in an effort to establish trend continuation from this point. Bitcoin is following the black path well thus far.”
The macro picture also provided hope for Bitcoin, with stocks reversing upwards after suffering over Evergrande fears.
Related: Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion
The S&P 500 saw its best day since July Thursday, and Bitcoin maintained its positive correlation to equities.
The U.S. dollar, which had capitalized on stocks’ sell-off, fell dramatically, with the U.S. dollar currency index (DXY) bouncing off support at 93.
On March 23, the creator of the blog platform read.cash and the social media application noise.cash revealed a new project called tipb.ch. The application allows anyone to create a customizable short address that can be used for tips rather than having to share a long BCH address on social media platforms. Platform Tipb.ch Allows You […]
