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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

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    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    Kenya Takes Action Against TikTok Following Child Exploitation Exposé

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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

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    Kenyan Tourism Venture Studio Purple Elephant Ventures Increases Seed Round to $5 Million

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

    Egypt’s Enza Secures $6.75M to Drive Financial Inclusion in Africa

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    GIIG Partners with SparkRockets to Launch AI-Powered Startup Validation Tool

    Tanzania’s Kilimo BaNDO Revolutionizes Agriculture for Smallholder Farmers

    Tanzania’s Kilimo BaNDO Revolutionizes Agriculture for Smallholder Farmers

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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    Grid Africa Secures $2.8 Million for Renewable Energy Initiatives in South Africa

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    One Direction Star Liam Payne Dies after Hotel Balcony Fall

    One Direction Star Liam Payne Dies after Hotel Balcony Fall

    It’s important to set boundaries in entertainment industry – Reminisce

    It’s important to set boundaries in entertainment industry – Reminisce

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    Jagun Jagun secures 7 nominations at 2024 AMAA

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Twitter Unveils Bitcoin Support For Users

by Eucharia Egwuma
September 24, 2021
in Startups
Reading Time: 2 mins read
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Twitter Unveils Bitcoin Support For Users
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Twitter has officially added support for Bitcoin transactions through its Lightning Network scaling solution.

Previously, users were able to send small amounts of money to content creators using third-party services, including CashApp from Square, founded by Twitter CEO Jack Dorsey. In the latest update, the service took into account the needs of users who do not have access to traditional payment methods.

The company explained that they chose the Lightning Network, taking into account the reduced fees for sending transactions. Users can connect a Lightning wallet or bind a bitcoin address to send and receive transfers in cryptocurrency. This feature is currently supported by iOS devices; an expansion for Android users is also planned for the near future.

Earlier, AtoZ Markets reported that Twitter is testing the possibility of sending bitcoin payments through the Strike application focused on the Lightning Network. Twitter has confirmed that it is indeed using Strike to process Bitcoin transactions. At the same time, the company itself will not participate in operations or charge commissions.

“We want all people to have access to digital currency payment tools that attract them to the economy and help them send money abroad with minimal hassle,” said product manager Easter Crawford.

Previously, it was also reported that users will be able to specify the addresses of Ethereum wallets in their profiles, but with yesterday’s release, they did not have such an opportunity. Twitter said it is considering other “potential options” that could be implemented at a later date.

In addition, Twitter has planned to add authentication tools for non-fungible tokens so that users can prove their ownership within the service. The initiative specifically targets NFT holders who set them up as avatars and is still in its early stages of development.

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