Tipping Platform Patreon 'Exploring Bitcoin Integration'
Online tipping and funding platform Patreon is planning to accept bitcoin "hopefully soon", allowing fans to make regular micropayments to their favorite online artists. Founded in 2013, Patreon has to date raised more than $2m in seed funding, and is one of a host of recent startups looking to help content creators recoup revenue otherwise lost to online middlemen like YouTube. The announcement comes courtesy of an email the company sent to reddit user 'camponez', who wrote to Patreon to enquire about bitcoin integration, and received the following reply: "Thanks so much for your note! We....
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Patreon, the membership platform, is pondering the idea of letting creators in its platform issue their own creator coins. The statement, that constituted a revelation, was offered by Patreon CEO and co-founder Jack Conte and Chief Product Officer Julian Gutman during The Information’s 2021 Creator Economy Summit. This is consistent with a report presented last September that evaluated using crypto as part of the platform.
Patreon Flirts With Crypto
Patreon, the well known membership organization, is now pondering the idea of introducing crypto elements to add new revenue....
When the Patreon database hack was announced, the technology industry was once again reminded why centralized solutions are not the way forward. Not only have customer email addresses been leaked, but also physical addresses and even private conversations on the platform. To make matters even worse, the entire database has now been published on the Internet, available for everyone to see. Whenever a company’s database is hacked, there is a rightful cause for concern. Especially when that company is a crowdfunding platform like Patreon, serving customers from all over the world. According....
Since Twitter implemented its crypto tipping feature, it appears as though more content creator platforms may start to do the same in the near future. As the digital asset market continues to break new ground, seemingly with each passing day, there is no denying the fact that crypto adoption has continued to increase at a fairly rapid pace globally. In this regard, it now appears as though online content creator platform Patreon is actively looking to devise its very own social token — or “creator coin” as it likes to call it — as a way of diving into the world of cryptocurrencies.Patreon....
Bitcoin tips are available to send through the Lightning Network using the Strike app, or by adding a BTC address directly to one’s profile. Social media giant Twitter will be enabling cryptocurrency options to its tipping jar, allowing any user to pay through the platform.In a Thursday blog post, Twitter staff product manager Esther Crawford said the crypto tips feature would be available for all iOS users globally and the platform plans to roll out options for Android in the coming weeks. The crypto option will allow users to link third-party apps, including Cash App, Patreon, Venmo,....
Users will still need to provide a full Ethereum address however as ENS domains have not yet been integrated. In Sept. 2021, Twitter enabled Bitcoin payments as the first cryptocurrency payment option available via its tipping jar. Wednesday, the social media platform added a slew of fresh payment services to these existing tipping options, including Ethereum (ETH).Have you set up Tips on your profile yet so it's easy for people to show their support? Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address. No: What are you waiting for?....