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Topic: Twitter seems likely to integrate tipping using Bitcoin. - page 2. (Read 326 times)

sr. member
Activity: 532
Merit: 250
It sure seems like they're going to require KYC/AML. And while it sucks for sure, can we really blame them? It's highly like that Twitter allowing non-KYC money sending(even if it's just a front-end UI thing, not necessarily them facilitating the transactions) is just going to get themselves in trouble with the government.

In the end, while again— it sucks, this is still in no doubt positive in my book.

Agreed.

Regardless of how you look at it though this can't be bad news. KYC is totally expected with a company of this size.

Certainly will showcase to the world the potential that bitcoin has as a means of payment as well as a store of value, I think. These high profile endorsements of blockchain technology are certainly for the better.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
It sure seems like they're going to require KYC/AML. And while it sucks for sure, can we really blame them? It's highly like that Twitter allowing non-KYC money sending(even if it's just a front-end UI thing, not necessarily them facilitating the transactions) is just going to get themselves in trouble with the government.

In the end, while again— it sucks, this is still in no doubt positive in my book.
legendary
Activity: 2576
Merit: 1860
Reports have it that Jack Dorsey's Twitter is currently testing the use of tips on the platform using Bitcoin on the Lightning Network. This will likely use the services of Jack Mallers' Strike. Furthermore, the new function is rumored to support both custodial and non-custodial wallets.[1]

A leaked image is released by developer, Alessandro Paluzzi, as to how the feature would probably look like.


https://twitter.com/alex193a/status/1432963409151135744/photo/1

Jack has already made hints about it several weeks ago when he made statements regarding Bitcoin and Twitter's future.[2]

However, it seems this development is not that interesting at all given the fact that the Bitcoin Lightning App Strike implements KYC. John Carvalho, for example, who used to be an executive of Bitrefill, expresses his dismay on Strike's KYC/AML screening requirements.[3]

[1] https://www.theblockcrypto.com/post/116320/twitter-appears-to-be-adding-the-ability-to-tip-using-bitcoin
[2] https://www.theblockcrypto.com/post/112299/bitcoin-big-part-twitter-future-ceo-jack-dorsey
[3] https://twitter.com/BitcoinErrorLog/status/1433041075032281091
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