Twitter is a great place for sharing your thoughts – and it now looks like you might be able to share your wealth on the social media site soon. Although, it remains to be seen why you would want to in the first place.
Twitter is a service that’s constantly in flux with the team always looking at new ways in which users can engage with each other. In some cases, new features can actually slow down the rate of engagement, as is the case with one of the latest features that allows users to control who can respond to their tweets. However, the suggestion the company might soon let you send money over a tweet seems like it might be a step too far, albeit one that would appear to be in line with current trends.
A recent report suggests Twitter is working on implementing a new payment feature to let people send money to each other. This does fit in nicely with the online tipping economy that’s been developing over the last couple of years. With online businesses and companies having been replaced with individuals and influencers, third parties have launched various ways you can financially help your favorite creator along. Services like Patreon and Ko-fi have become particularly competent at providing ways for people to “donate” to each other – and these are just the established options. With the continued importance of cryptocurrencies, there’s also newer services like Coinkit which offer a way for users to tip in bitcoin. In fact, some of these coin-based tipping services are looking at how they can incorporate social features as another way to encourage the sharing of money and use of the service. Furthur, it would make sense for a social media service like Twitter to be looking at how they can increase engagement by accommodating tips. From the service’s perspective, it is just another way people engage with each other.
While it seems logical for a social media service to start looking into any feature that involves an interaction between two parties, tipping is probably not the best use of Twitter’s developer resources. For one thing, Twitter is already overrun with accounts begging for likes and retweets. In some cases, this likes and retweets race is financially motivated. Back in 2018, Twitter banned a number of high-profile accounts because they were found to be stealing jokes. Although an account pretending a joke is theirs might not sound like a major issue, these accounts were in fact businesses that had accumulated millions of followers and found ways to monetize tweets. Due to this, the act of stealing jokes was akin to copyright theft. Another method used to monetize these accounts was the en masse retweeting of tweets they had been paid to promote. Essentially, the accounts would systematically make someone else’s post go viral for payment.
Now, imagine if you throw a Twitter ‘tip’ icon into that mix. Suddenly, there’s even more reason for individuals and businesses to want to go viral, or to attempt to pass viral-quality tweets as their own without giving proper credit to the creator. Surely, it is just asking to make the spam problem Twitter has long suffered from even worse than it already is. That’s something no one on the platform wants or needs. The reality is, while a tipping feature on Twitter would add to the level of engagement, thereby benefiting the service, it is just as likely to make existing problems worse without solving anything.
Source: The Information
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