Periscope lets you buy and send Super Hearts that broadcasters can cash in

Periscope has a new revenue stream and a new way to attract the best live video content to its Twitter-owned app. Today Periscope launches Super Hearts — in-app purchase virtual goods that users buy for real money, send to creators as animated hearts that get them attention in the comment reel and that broadcasters can then redeem with Twitter for a monthly cash payout.

After the 30 percent tax on in-app purchases from iOS or Android and transaction processing fees, Twitter will pay 70 percent of the cash value of the Super Hearts to the broadcasters and keep 30 percent for itself. Super Hearts are rolling out globally on iOS and Android. For now, only broadcasters in the U.S. are eligible to cash out their “tips,” but Periscope hopes to extend that to everyone soon.


Read Story