The possible integration of Twitter accounts with Bitcoin-enabled lightning wallets is anticipated to fetch substantial profits for the social media platform.
Jack Dorsey, CEO of Twitter, has tweeted on the official platform that he could enable a new transfer that may allow the accounts hosted on the platform to have a BTC-enabled lightning wallet.
Dorsey tweeted in response to a user who was suggesting that Twitter ought to now enable its users to secure a wallet to store NFTs on their official accounts.
Jack Dorsey has tweeted that he is likely to be contemplating a new move that may enable Twitter users to have access to their independent bitcoin-enabled lightning wallets. However, it’s still unclear whether or not the social media platform will implement the mentioned function or not within the upcoming months. The next function, if carried out and executed systematically, is alleged to spice up the BTC adoption drive and can make the currency more accessible to the masses.
The potential integration of Twitter accounts with BTC-enabled lightning wallets is anticipated to fetch substantial earnings for the social media platform. Lightning wallets have been designed to facilitate rapid payments and decrease the time consumed whereas processing a normal BTC-enabled payment. It will enable the platform to draw quite a few crypto enthusiasts who’ve been actively looking for safe and dependable payment networks to effectively make funds with. Such varieties of integrations have already been utilized by a wide range of purposes particularly ZEBEDEE Infuse, Sphynx Cat, and TIPPIN.
Jack Dorsey is a multimillionaire CEO of social media platform Twitter and a mobile payment firm known as Square. Dorsey had recently made headlines when he openly propagated and supported Bitcoin and has stated that BTC possesses a unique power that has the potential to take over the world. In 2008, the entrepreneur had secured the title of being counted as one of many prime 35 innovators of the world and had been the recipient of the “innovator of the year award” organized by The Wall Street Journal.
Dorsey had trolled the Ethereum community earlier today by way of importing a screenshot of a tweet, stating how the second-largest cryptocurrency group is likely to be a potential rip-off. Dorsey is understood to be a stark bitcoin proponent and has commented that “it’s only a matter of time” when Twitter would possibly link all its accounts to bitcoin-enabled lightning wallets. The users will then have their wallets to conduct cryptocurrency transactions with, and having verified Twitter accounts will assist authenticate their user identification.
At the same time, the CEO of Twitter has rejected the thought of permitting users to store non-fungible tokens on the social media platform.