The price of Twitter’s shares, being traded on the New York Stock Exchange (NYSE), has gained approximately 3.80% to currently stand at $66.69 per share as of the time of writing this report. This gain comes after the social media giant announced in a blog post that its tipping feature on its platform will accommodate more payment options, including Bitcoin payments.
After social media giant, Twitter, announced yesterday that it partnered with Zap’s very own payment application, Strike to foster Bitcoin tipping payments on its platform, the share price of Twitter surged by nearly 4%.
Zap’s CEO, Jack Mallers wrote a blog post, explaining how vital the partnership between Strike and Twitter is to the next generation of remittance. He stated, “What the internet did for communication, Bitcoin and the Lightning Network is doing for money.”
Jack Mallers posted a video illustrating how to use the new feature on Twitter by sending David, who was in a Starbucks restaurant in El Salvador. The video attracted 1.6 million views in just 15 hours.
Strike’s payment application integrates the Bitcoin Lightning Network in order to enable instant payments globally at virtually no cost. The company is known for making cross border transactions easier for the people of El Salvador.
What they are saying
Michael Saylor, the CEO of MicroStrategy, posted the video of Jack Mallers illustrating the new feature and commented stating, “Bitcoin on lightning is the future of global payments.”
Anthony Pompliano commented on the new feature stating, “The lightning network has now onboarded a nation-state and one of the largest social media companies in the world. Just the beginning of something very special.”
Bottomline
In the blog post, Twitter announced that its Bitcoin tipping feature will be rolled out to people on iOS first and plans to roll out options for Android users in the coming weeks.
It seems like the hype around this new feature will be short-lived as Twitter’s stock price is currently down 0.88% pre-market. Bitcoin is also trading the London session bearish, as it trades $41,850, down 4.28% as of the time of this writing.