Jack Dorsey’s social networking platform Twitter now allows third-party Bitcoin tipping services to be used by iOS users. This gives them the ability of seamlessly paying one another around the world, almost instantly.
Twitter is one of the most powerful platforms for the transfer of value, as demonstrated by Lightning Network platform Strike in a recent video.
Strike CEO Jack Mallers stated that Twitter will enable all iOS users to send tips over Lightning Network starting today. Blog post. The integration of Twitter with the Strike API makes Twitter one of most popular remittance platforms in the globe, as well as one of best global creator marketplaces and one of best global micropayment marketplaces. It also allows internet communications companies to communicate with the global monetary standard, which allows them to make global payments for their users.
Twitter announced the feature in a press conference that it would soon be available for Android users.
Mallers pointed out that it is hard to underestimate the potential for Lightning Network integration with an extensive internet communications tool. The ongoing replacement of Western Union by Bitcoin in El Salvador, which has already seen the permissionless network cut into these third parties’ revenue streams by an estimate $400 million per year, shows that there is a huge demand for digital payment systems that are more efficient and global.
How long will it take before more people realise that Bitcoin is the best internet monetary network? What time will it take for other digital platforms to integrate the money directly into their tools as Twitter has? What will be the time frame before Bitcoin takes over from the obsolete systems that dominate remittances and influencer marketing, and eventually digital payments?
It all seems to be inevitable from a certain perspective.
If Bitcoin’s market capitalization was solely the $700billion global remittance market, the $1.3 billion influencer marketing market and $5.44trillion global digital payments market (a total estimated value of $6.1538 billion through applications such as Twitter’s tipping service), each Bitcoin in existence ( 18,824,860) would be approximately $326,897.
Users of Twitter are discovering that Bitcoin is better than the dollar in all these industries. Although it’s difficult to predict what bitcoin will cost as its technology consumes almost every type of value transaction we know, the price is certain to rise.
