You can now tip your favorite content creators on Twitter with Bitcoin and authenticate NFTs

·2-min read

Twitter will allow people to tip their favourite content creators with Bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature.

It is the first major social network to encourage cryptocurrencies as a method of payment.

The San Francisco-based company said on Thursday it will test new ways to help users have a safer experience on Twitter, such as warning when people are entering a "heated" conversation or letting them leave tweet threads.

The product announcements are part of Twitter's effort to compete with rival platforms like Facebook and Alphabet Inc's YouTube for popular content creators with large followings and turn around its image as a site where polarised discussions can fester.

Twitter users globally on iOS devices can now send and receive digital payments, which was previously limited to a small group of testers.

Twitter CEO Jack Dorsey retweeted a video of a Twitter subscriber making a Bitcoin transaction.

"We believe we can continue to incentivise the types of conversations that people want to see," said Esther Crawford, product lead for creator monetization at Twitter, in a briefing with reporters.

Twitter and NFTs

Twitter said it plans to support authentication for NFTs, or non-fungible tokens, which are digital assets such as images or videos that exist on a blockchain.

The feature will let people track and showcase their NFT ownership on Twitter, the company said.

In an effort to grow Spaces, Twitter will launch a creator fund to provide financial, technical and marketing support to users who host recurring audio programming on Spaces.

Such support will allow more Spaces hosts to organise better conversations and potentially gain brand sponsorship deals, said Andre Jean-Pierre, who served as an early beta-tester for Spaces.

Twitter added it is exploring how to allow users to filter out certain words they do not want to see in the replies to their tweets, which could be used to stop name-calling or abusive speech.

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