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Twitter introduces Tip Jar, allowing users to send money to their favorite tweeters

Twitter introduces Tip Jar, allowing users to send money

May 10, 2021: -Twitter introduced Tip Jar, a new feature that makes it easy for users to send money to their favorite creators on the micro-blogging service.

“This is the first step in our work to create new ways for people to receive and show support on Twitter — with money,” the company said in a blog post.

Users will connect their Twitter accounts with Tip Jar to Bandcamp, Cash App, Patreon, PayPal, or Venmo. Twitter will take no cut of money sent through the feature.

Those who use Twitter in English on iOS and Android will be able to start sending money through Tip Jar on Thursday. Certain users will add Tip Jar to their profiles to begin collecting tips, including creators, journalists, experts, and non-profit’s, Twitter said.

The new feature comes as part of a broader effort by the company to build more features at a faster clip in a push to grow Twitter’s user base to 315 million daily active users by the end of 2023.

Earlier this week, the company also announced the launch of Spaces, a feature that allows users to join virtual rooms where they can engage in real-time audio conversations with others.

Tip Jar comes after a rough week for Twitter, which had seen its stock fall more than 17% since April 29, when the company reported its first-quarter earnings. The company missed on analysts’ user growth expectations in the report, and the company provided lower revenue guidance for the second quarter than expected.

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