Send money via Twitter, the largest microblogging platform in the world, recently announced a new feature called "Tip Jar".
Twitter, the largest microblogging platform in the world, recently announced a new feature called "Tip Jar". This feature will allow users to send money to show support for their favorite Twitter accounts. It is a virtual tipping system that will target users who wish to send money to platforms such as PayPal, Patreon, and Venmo.
As per report by AFP, at present this feature will be accessible to selected users who can tweet in "English". These selected users can add a "Tip Jar" feature to their profiles through which other users can send them money to show their support.
According to Esther Crawford, Twitter's Senior Product Manager, this select group of users includes experts, journalists, creators and nonprofits.
Twitter send money doesn't charge any fees
Esther made it clear that money transferred via the "Tip Jar" feature would only go to the account it was sent to. Twitter will not take any cut or commission from this amount. This is Twitter's effort to take the conversation one step further, where users can show their support by going beyond the traditional retweet and like buttons.
Esther wrote in a blog post that users can add the "Tip Jar" feature to their profiles and when another user wishes to donate money to them, they will be redirected to different PayPal, Patreon and Venmo payment windows.
The feature will soon be rolling out for other users around the world with support for multiple languages. This would be the first time in Twitter's full history that it will allow users to transact money through its medium.
While Twitter doesn't have payment gateways, it makes sense to add the "money" element for creators and individual accounts to take the platform even more seriously.
Twitter reported weaker-than-expected earnings last week and so this new feature should help you attract more users and spend more time on the platform.
With the advent of new social media platforms, Twitter has been reduced to a platform used primarily by politicians, media and celebrities to share information or participate in discussions.
The company hasn't provided a timeline for when the newly released feature will be available to users around the world in multiple languages.
