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Lightning App for Sending Bitcoin Tips on Twitter Is Now Easier to Use

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A Twitter app for tipping by way of bitcoin’s experimental lightning network is now easier to use thanks to a new update.

Launched earlier this year, Tippin.me took Twitter’s crypto community by storm by making it possible to tip Twitter users with the experimental micropayment layer lightning. The still-nascent network is being built by a series of startups and developers in a bid to create a new level of scaling for the network.

On Thursday night, the Chrome extension app‘s version 1.0 was released with features that aim to make onboarding new users to the app much easier. These elements include a more comprehensive built-in wallet and better messaging system.

The lightning network is still rather experimental, and even risky to use. At the time of its release, Tippin.me drew support because the app is fairly easy to set up and use as long as a user has a Twitter account.

But even if it’s easier than many other lightning apps, it still left something to be desired, prompting the app’s developer, Sergio Abril, to work on a series of new updates that were bundled into version 1.0.

Notably, users no longer need to set up a third party lightning wallet app to send tips. Perhaps one of the most confusing parts of the app in a prior version was, if you didn’t have a lightning wallet already, you needed to create one to send a tip. But now, that’s not necessary so long as you have a balance on Tippin.me.

The caveat here though is that Tippin.me is a custodial app, meaning that the app itself has control of the funds sitting on the website, rather than the user themselves.

Tippin.me is even giving out a little bit of bitcoin to people who join – enough that they can send a couple of tips, that is.

In addition, users can now use “on-chain” bitcoin instead of just “off-chain” lightning funds to fill up their tipping jar, and can send messages along with their tips.

Twitter image via Shutterstock

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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