Social Media

Twitter Will Explore Allowing Its Users to Receive Digital Payments From Their Followers

Jack Dorsey, the Chief Executive of Twitter, said on Wednesday that the social networking site is looking into a new feature that lets its users receive digital payments or tips from their followers.

Dorsey said that this new feature would help the company increase its overall revenue and engagement from its base of 192 million daily active users.

At the virtual Goldman Sachs Technology and Internet Conference, Dorsey said that he thinks the first thing the company wants to focus on is the economic incentive to individuals contributing to the social media platform Twitter.

Launching user tipping and other new features such as content subscriptions would help the company expand its revenue, which as of now, Twitter primarily earns from selling ad space on its platform.

During an earnings call with analysts on Tuesday, the company said that it didn’t expect subscriptions to be significant to the platform’s overall revenue until next year.

Twitter acquired the email newsletter startup, Revue last month itself, as the micro-blogging platform hopes to attract individuals who want to build long-form content and make money from their followers.

Wrapping It Up

The social networking platform Twitter is looking for new ways to increase its overall revenue by introducing some new exciting features such as user tipping and content subscriptions. These features will allow Twitter users to receive tips and digital payments from their followers on the platform. The Chief Executive of Twitter, Jack Dorsey, said that these features would help the platform to earn more money as well as engagement from its vast active user base.