NEW UPDATE: Twitter Introduces Tip Jar To Let Creators Monetise Content

Twitter has introduced Tip Jar as a new way for followers to send money to their favourite creators. The company made this announcement on Thursday, May 6th 2021, saying that Tip Jar is an easy way to support the incredible voices that make up the conversation on Twitter. “This is a first step in our work to create new ways for people to receive and show support on Twitter – with money.” 

Users will be able to connect their Twitter accounts with Tip Jar to their accounts on Bandcamp, Cash App, Patreon, PayPal or Venmo to send and receive tips. The company has said it doesn’t intend to take a share of the money sent through this new feature. 

“Twitter has said that anyone who uses the in English on iOS and Android will be able to start sending money through Tip Jar on Thursday. Certain users will be able to add Tip Jar to their profiles to begin collecting tips. This includes creators, journalists, experts and nonprofits, Twitter said.

Twitter has said that everyone using Twitter in English can send tips to applicable accounts on Twitter for iOS and Android. “For now, a limited group of people around the world who use Twitter in English can add Tip Jar to their profile and accept tips. This group includes creators, journalists, experts, and nonprofits. Soon, more people will be able to add Tip Jar to their profile and we’ll expand to more languages,” the company adds.  

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 has seen its stock fall more than 17% since April 29, when the company reported its first-quarter earnings. In the report, the company missed on analysts’ user growth expectations and the company provided lower revenue guidance for the second quarter than expected.