Twitter said Thursday users worldwide will be able to tip others with the . The company is also exploring a way for users to track and showcase their non-fungible tokens (NFTs) on the platform.
NFTs can be used to represent the ownership of unique digital or physical items such as art, music and even a tweet. Twitter CEO Jack Dorsey, for example, sold his first tweet as an NFT for $2.9 million.
Dorsey, who also runs payment company Square, is a well-known fan of cryptocurrency so it’s not entirely surprising Twitter is also examining how it fits into this space. Twitter product manager Ester Crawford said digital currencies make it easier for people around the world to get paid, noting that 2 billion people don’t use traditional banking services.
“We want everyone to have access to pathways to get paid,” she said in a press conference. “Digital currencies that encourage more people to participate in the economy and help people send each other money across borders and with as little friction as possible, help us get there.” Twitter has been testing tipping but will roll it out globally first to iPhone users and then on Android. Users can also tip with other third-party payment services including Bandcamp, Cash App, Patreon, PayPal and Venmo.
Crawford said Twitter is considering different ways users can showcase NFTs on the site. That could come in the form of a badge or a shape of an avatar that gives insight about the origin of a NFT.
The release of the new features underscores how quickly Twitter has been testing new products as it tries to entice more people to use its site. The company has also been doubling down on live audio and said it’s creating a fund for creators who use its live audio product Spaces. It’s also planning to allow people to record and replay live audio chats.
Twitter is also testing more safety features including a tool that will autoblock accounts that are similar to the ones users have already blocked, the ability to remove yourself from a conversation and a way to filter out tweets with offensive words. It’s also exploring a tool that will give users a heads up if they’re about to enter a potentially heated discussion.
Kayvon Beykpour, Twitter’s head of consumer product, said the company will be gathering feedback as it tests out more features.
“We’re trying to push the envelope to evolve the product, solve really important and tricky problems that come in bigger and bigger swings,” he said.