Roughly five months after the social media giant first unveiled in-app support for Bitcoin tips, Twitter is adding support for Ethereum wallets, meaning mobile users will soon be able to use their Ethereum funds to send tips on the platform.
Key takeaways:
- According to Twitter, the new service doesn’t offer support for Ethereum Name Service (ENS), which is a decentralized naming system for Web3 service built on the Ethereum chain.
- Speaking to TechCrunch, a Twitter spokesperson said the company is “excited to incorporate Ethereum in addition to Bitcoin payment in Tips, enabling more people to participate in the digital economy with as little friction as possible.”
- In addition to ETH, ERC-20 tokens and ETH-based stablecoins, such as USD Coin (USDC) and Tether (USDT), will reportedly also be supported in the future.
- Twitter has been deepening its commitment to blockchain solutions as of late. Last month, the company launched NFT profile pictures, allowing NFT owners to showcase their digital collectibles to other users.
- The news of Twitter adding support for the world’s second-largest crypto didn’t leave a mark on the price of ETH – the token has been facing considerable selling pressure in the last 24 hours and is trading at $2,973 at press time, down 3.56% for the day.
