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Twitter May One Day Let You Send Money to Your Contacts, But Only in Bitcoin

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Last Updated: January 14, 2020, 17:12 IST

Image for representation. (Photo: Reuters)

Image for representation. (Photo: Reuters)

Reports indicate a possible peer-to-peer money transfer mechanism for users by using cryptocurrencies.

Twitter is considering a feature that would allow users to tip one another - in Bitcoins though. The Information reports that the micro-blogging platform is working on implementing a new payment feature to let people send money to each other. It is not yet clear whether the Twitter tipping feature would integrate with Jack Dorsey's other company, Square, which is a financial services, merchant services aggregator, and mobile payment company based in San Francisco.

Dorsey has made absolutely no secret of his love of Bitcoin over the years. NewsBTC has reported on the Twitter CEO opining that Bitcoin will one day be the currency of the internet and his company Square integrating cryptocurrency payments. "Dorsey has been a major investor in the Bitcoin micropayments solution Lightning Network," said the report. Dorsey will move to Africa for three-six months this year to "define the future".

"Sad to be leaving the continent for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I'll be living here for 3-6 months mid-2020. Grateful I was able to experience a small part," said the Twitter CEO. Dorsey has also hired Bitcoin developers for his payments company. He is an advocate of digital currency bitcoin but he also says it is "not functional as a currency".