PayPal Holdings, Inc. (PYPL)
- The Independent
Twitter’s new ‘Tip Jar’ feature will let users send money directly to their favourite accounts
The feature will be made availble currently for a select groups of users such as creators, journalists, and experts
- The Telegraph
Twitter lets users send cash 'tips' to their favourite users
Twitter users can now send money directly to their favourite influencers, charities and journalists through a digital tip jar. Select tweeters were suddenly granted the new feature on Thursday, with all English-speaking users now able to tip them through a preferred payment app on iPhones and Android phones. The social network said it wanted to give users a new way to earn money from its service instead of having to rely on ephemeral likes and retweets. For now it will take no fee, instead hoping to make its service more attractive to creators. Senior product manager Esther Crawford said the tips would help users support the "incredible voices" that drive Twitter's appeal, adding that the feature would be expanded to more users in future. But a security expert who probed the system found that tipping via Paypal sometimes exposed the giver's full address to the receiver, raising safety concerns. Rachel Tobac, a hacker who tests clients' networks for loopholes, said: "PayPal needs to make it crystal clear which data is given to money receivers and stop sharing that data, and Twitter needs to educate users who don’t realise what info tip receivers get when using PayPal."
- Yahoo Finance
Square Q1 sales surge 266% as transactions jump amid economic recovery, bitcoin revenue soars
Square is poised to report first-quarter earnings results after market close on Thursday, with the payments company's results likely boosted by ongoing growth in Cash App and its cryptocurrency offerings.
