The beta app Tippin has delivered a new Chrome Extension accessible to Google browser users. Over Twitter, app users can transfer bitcoin payments via the Lightning Network, thought a move to make bitcoin transactions reasonable at a wide range for the first time, the official Twitter account of Tippin tweeted.
The company has delivered a Google Chrome extension and Mozilla Firefox addon to promote the service. The speedy emergence of the new bot and extension is principally due to the association of Twitter’s CEO who has not abstained from broadcasting the new entertaining payment add-on which is created on Lightning Network.
With the extension authorized, a small lightning bolt logo pops up inside each tweet next to the famous “like” and “retweet” buttons of Twitter. Lightning Network is a technology developed on top of Bitcoin that gives instant micro-payments.
Tippin is modeled on a comparable idea of ChangeTips which became famous in 2015 but suppressed down a few years later after being acquired by Airbnb. Tippin when combined into a google chrome browser or Mozilla, enables Twitter users to tip their most cherished tweets and followers with a small bitcoin. The extension when approved blends a lightning bolt symbol seamlessly alongside every ‘retweet’ button which would, in service, enable a user to reward excellent tweets with little Bitcoin. A cap has been developed on the number of BTC that could be transferred at once to counter money laundering via Tippin.
Tippin engineer Sergio Abril told CoinDesk:
In my opinion, tipping is going to be incredibly popular with lightning network; It’s the first time we can send small amounts almost at no cost, and we can do it incredibly fast.
Abril has plans for developing the app into the eventuality, such as attaching support on other social media platforms. Also, for now, the app is custodial, suggesting users don’t have full control over their reserves, because, according to Abril, the app is much simpler to use this technique.
He further stated that
Tippin started as a personal side project a couple of months ago, so I could understand lightning network a bit more, and of course help push adoption, but it’s starting to get big.
Twitter CEO Jack Dorsey Already Using Tippin
Jack Dorsey, CEO, and founder of Twitter is already using the new Tippin extension. The Twitter CEO stated via a tweet that he had already got some bitcoins via the new Tippin assistance and described the new service top. He tweeted:
Jack Dorsey has long been a supporter and advocate of Lightning Network and was a member of an initial drive to bring Lightning Network to the awareness to the crypto community. In the month of May 2018, Jack Dorsey had supported bitcoin to be the internet’s own currency of the future. Dorsey had said that he has hopes that bitcoin will proceed to place itself as the primitive method of payments. Digital currencies have been expanding in the most recent years backed by numerous people, specialists, and figures from various enterprises.
Dorsey had said on stage at the Consensus blockchain conference in New York:
The internet is going to have a native currency so let’s not wait for it to happen, let’s help it happen. I don’t know if it will be bitcoin but I hope it will be.
With such a prominent person behind it, it looks though Tippin could match a mainstream world of social media, and with it, lead BTC further onto the world’s platform.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
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