In the age of social media, popularity is a relative concept, Because you don't have to be an expert, a Hollywood star, a renowned writer, or a popular singer to be popular. This quality of online platforms, of being a sort of "instant prestige" trigger, has also made them one of the best channels to monetize creative talent.
In this sense, one of the latest measures adopted by online interaction platforms, such as X - formerly Twitter - was to activate the “tip” function. This icon, aimed at all users and especially those dedicated to creating print, audio, graphic, or audiovisual content, makes it easier to monetize the effort put into making their accounts attractive to gain followers, but also money.
BUY BITCOINWhen reviewing the payment options offered by X, We see how the social network recognizes cryptocurrencies as alternatives to receive tips, that is, the transition from traditional to virtual money occurs naturally in this social network, where income can be received in cryptocurrencies, and Bitcoin, the main digital asset in the crypto universe, leads the payment options.
What are tips on X?
The evolution of social networks has improved the opportunities for its users By enabling the option of being able to securely collect or receive donations. Creating content is an activity that requires time and effort, so earning income from it not only helps raise the quality of the material circulating on online platforms, but now makes it easier for creators to receive a bonus, which can be voluntary (the tip) or an amount set by the account owner.
In this way, supporting an X account does not only involve following it, liking a tweet or interacting with the creator, but fans can make contributions to their favorite users and one of the easiest ways to do so is through cryptocurrencies, .
The Twitter tipping feature is described by the platform itself as the option that “allows you to add links to selected third-party payment services to your Twitter profile,” So, when the tip icon is activated on a profile, followers, fans, or even Twitter users who don't follow the account can support the content creator by clicking on the tip icon.
Once the option is pressed, the system transfers the follower to send money or Bitcoin off the platform, Since the content creator, when setting up tips, selects a third-party payment system to receive the cryptos.
BUY BITCOINIt should be noted that when the Tips icon is activated on X's profile, you can add the Bitcoin address that is available, so that followers can copy and paste it into a BTC wallet and thus send the voluntary payment directly.
X's intention in designing and implementing tips is to benefit all users who “They drive conversation on Twitter”, whether by directly supporting a content creator, participating in a fundraiser, helping people in need, among other motivations.
X does not receive any of the tips that its users receive, but the third-party payment services they use may charge fees or commissions.
An important point is that any content can be eligible for a tip, as long as it falls within X's tipping policies.It is worth noting that X does not limit the amount of money or cryptos that a user can receive., although third-party payment platforms, which have their own terms of service, may do so.
Bitcoin in X
People who send tips can do so with Bitcoin, which makes the the world's most highly valued digital asset became an integral part of Twitter. The feature is available through the Strike service, a wallet that operates in the Lightning Network (LN), which is why it is able to offer fast and free transactions.
To access Strike, Twitter users looking to monetize their accounts must register and add their username to receive Bitcoin tips via LN. You can use any Bitcoin Lightning Wallet to send tips to someone else's Strike account.
BUY BITCOINLighting Network, is a global payments network, with which BTC holders can make quick, low-cost transactions and is very easy to use. It was designed to solve the obstacles that the BTC blockchain, which are mainly the limited capacity to scale to numerous clients in parallel and the associated costs.
With the Lighting Network, millions of transactions can be made almost instantly, so the fact that Strike operates on the LN is a huge benefit that content creators who receive BTC of his followers on X.
