Streamlabs which is a broadcasting app for Twitch users has now introduced cryptocurrency tips. The backend of the payment gateway will be done by Coinbase, and thus the initial choice of the coin will be restricted to Bitcoin, Bitcoin cash, Ethereum, and litecoin. There won’t be any charges for using the app other than the network transaction fees of the respective coins. Also, the Broadcasters will have to link there account to coinbase rather than just giver there public keys for the respective coins. The blog does mention that in future it will be adding more coins.
According to the NewZoo, market intelligence provider, streamlabs accounted for 15 percent of total twitch viewing hours in the first quarter of 2018. Steamlabs reported in April that they processed about $35 mln in tips in the 2018 Q1.