TWITTER may start providing users with financial incentives to stay on the platform.

CEO Jack Dorsey has revealed the social media network is looking into some form of digital payment system.

Twitter's CEO spoke about the potential changes at a conference

2

Twitter’s CEO spoke about the potential changes at a conferenceCredit: Alamy

Specific details haven’t been revealed about the proposed plan.

It may be similar to other platforms like Twitch, which allow content creators and streamers to receive tips from fans.

However, there’s also been rumours surrounding a potential payment subscription system for Twitter.

It’s possible that the platform would take some form of cut from the payments made to tweeters.

Top tweeters could get paid by fans

2

Top tweeters could get paid by fansCredit: Alamy

Dorsey told the Goldman Sachs Technology and Internet Conference: “I think the first thing we want to focus on is that economic incentive to people who are contributing to Twitter.”

The conference is happening virtually this year due to the coronavirus pandemic.

If the feature does come into place then it could be great news for some of Twitter’s most popular users.

You don’t necessarily have to be famous to create a viral tweet though.

Many of Twitter’s 192 million daily users could benefit from the payment system.

Others might want to keep the platform completely free.

Twitter is popular for informal discussions about everyday topics and monetising this could put people off.

The social media giant has revealed that it wouldn’t expect content subscriptions to make up a significant amount of its revenue until next year at least.

Other social media platforms like TikTok and Instagram have been dabbling with the e-commerce space with the latter having new business tools for creators.

Twitter CEO Jack Dorsey gets grilled in the Senate over ‘allowing Holocaust denial’ on the social media platform

In other news, Facebook is trialling showing less political content on News Feeds.

Windows 10 users are being warned to update now to fix 56 vulnerabilities that have been spotted in the software.

And, WhatsApp has had to delay its controversial deadline for getting users to accept new terms and conditions.

How often do you use Twitter? Let us know in the comments…


We pay for your stories! Do you have a story for The Sun Online Tech & Science team? Email us at [email protected]


This post first appeared on Thesun.co.uk

You May Also Like

Millions of Facebook users urged to check HIDDEN list with a very dark secret

FACEBOOK can reveal if you’re being targeted by hackers. A simple feature…

Elon Musk defends Twitter layoffs, saying staff given three months’ pay

New owner says company is losing $4m a day as he tries…

What You Should Know About Voilá, the Latest Viral Selfie App

After more than a year of living online, you’d be forgiven if…

‘The Last of Us Part II’ Gets a Leak—and a New Release Date

Welcome once again to Replay, WIRED’s weekly guide to everything going on…