Twitter opens up to payments in Ethereum
Twitter opens up to payments in Ethereum
Ethereum

Twitter opens up to payments in Ethereum

By Vincenzo Cacioppoli - 21 Feb 2022

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Twitter, the famous social network that has always been very attentive to the world of cryptocurrencies and its evolution, even after the resignation of its CEO Jack Dorsey, a well-known crypto evangelist.

The news announced by Twitter concerns the method of payment, which is extended to Ethereum, and the regulation of bots, allowing them to be clearly differentiated from humans.

As far as bots are concerned, the novelty is not insignificant, given the ever-increasing use that is made of these robotic response and interaction systems. 

Until now, it was not possible to clearly distinguish whether certain content was posted by real users or by automated accounts, as there was no difference between the two types of account.

This had caused a great deal of controversy, especially with regard to the presidential elections, where according to some, automated bots had been used for sweeping campaigns for or against a particular candidate. 

Now, with this new change, it should be possible to distinguish between content posted by humans and content posted in an automated manner.

With the new tweaks, which are the result of experiments underway since last September, a special system of recognition will be activated by means of labels in the feed, located below the name to indicate whether or not it is a bot.

twitter ethereum

Ethereum payments on Twitter

After opening up payments of these so-called tips to Bitcoin in September, the other novelty implemented by Twitter concerns tip payments, which will now also be possible with Ethereum.

Creators of legal age will also be able to receive tip payments in the digital currency founded by Vitalik Buterin, in addition to payments in Bitcoin and via Patreon.

Bitcoin-like payments can only be made on the mobile version, not on the desktop.

“Develop a decentralized internet directly on Twitter and offer creators the ability to turn followers into fans and fans into funds, allowing them to continue to shape culture by holding meaningful conversations with one’s audience”

this would be the company’s philosophy behind accepting payments in cryptocurrencies as explained recently by Esther Crawford, product manager for monetization of creators.

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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