ChangeTip Wants You To Give a Bitcoin Donation to Content Creators
Alyson Wyers — August 29, 2014 — Business
References: changetip & springwise
In the same way that you might tip a waiter if you enjoyed the service you received, ChangeTip is encouraging people to make a small Bitcoin donation to online content creators whose work they want to show appreciation for. Using a comment tag, web users can use cryptocurrency Bitcoin to digitally leave a tip.
Not unlike giving change to a busker (Cheers app allows you to use Bitcoin to do this), ChangeTip lets you give a Bitcoin donation rather than just a like or thumbs up. When users use the appropriate tag on social media, the service searches for mentions and will automatically complete the transaction between the users' Bitcoin wallets. There is no transaction fee either, so small amounts can be accepted.
Not unlike giving change to a busker (Cheers app allows you to use Bitcoin to do this), ChangeTip lets you give a Bitcoin donation rather than just a like or thumbs up. When users use the appropriate tag on social media, the service searches for mentions and will automatically complete the transaction between the users' Bitcoin wallets. There is no transaction fee either, so small amounts can be accepted.
Trend Themes
1. Digital Tipping - The rise of cryptocurrency tipping tags allows users to easily make small Bitcoin donations to content creators, revolutionizing the way online appreciation is shown.
2. Cryptocurrency Micropayments - The use of Bitcoin donations as micropayments opens up new avenues for content creators to monetize their work and receive direct support from their audience.
3. Decentralized Payment Systems - The adoption of cryptocurrency tipping tags creates opportunities for the development of decentralized payment systems that bypass traditional intermediaries and fees.
Industry Implications
1. Social Media - The integration of cryptocurrency tipping tags into social media platforms offers disruptive innovation opportunities for content creation and monetization within the industry.
2. Digital Content - The introduction of Bitcoin donations as a form of payment brings about disruptive innovation in the digital content industry by shifting the way creators receive financial support.
3. Fintech - The emergence of cryptocurrency tipping tags presents disruptive innovation opportunities for fintech companies to develop new payment solutions that leverage the benefits of blockchain technology.
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