A monetary tip is an incentive for workers within the service industry, such as a restaurant or hotel, who provide good service. When employees provide exceptional service at a sit-down restaurant, they receive a higher compensation after giving the total bill to the customer.

Gen Zers tip more than previous generations. For example, in the study, it was determined that during the holiday season, 51 percent of Gen Zers tip more, compared to 48 percent of millennials, 43 percent of Gen Xers, and 42 percent of boomers.

Twitter CEO Jack Dorsey announced he would be allowing the users of its platform to tip their favorite content creators with Bitcoin starting with Apple iOS users beginning this week.