It's possible that, in the near future, Twitter may start allowing its users to give Bitcoin tips to their favorite content providers. The social networking site's head of consumer product, Kayvon Beykpour, responded to researcher Alessandro Paluzzi's tweet with emojis indicating that the function would be available soon.
Beykpour’s tweet reads: “At this time, we’re not accepting bitcoin as a form of payment for #TwitterAds products. However, you can use it with many third-party advertisers on Twitter and we're working to gain partner acceptance. If there is demand from advertisers and the BTC community, then we may re-evaluate.”
Beykpour’s statement suggests that the microblogging platform is not working on its own to introduce bitcoin, but it might be open to partnering with third party platforms that are willing to accept payments in BTC if Twitter decides it would be beneficial for its business model. At this time, Twitter seems to be working on gaining advertiser acceptance for the cryptocurrency.
Beykpour’s tweet came in response to a number of requests by Twitter users for a BTC tipping option under the platform's ‘favorite’ system, which allows users to show appreciation to one another through small acts. The researcher Paluzzi explained he had been pitching the idea to Twitter for a while, calling it an “important step” in increasing bitcoin awareness.In July 2018, Jack Dorsey, the CEO of Twitter and payment processor Square, announced he is a “huge fan” of bitcoin. He stated that Square had been working on integrating BTC across their apps and expanding the functionalities of the cryptocurrency.