References to crypto or blockchain know-how are nowhere to be present in newly leaked photos regarding “Twitter Cash” — the platform’s secret in-development digital asset.
Many locally have been hoping that the key “Twitter Cash” undertaking would contain cryptocurrency not directly after the undertaking was first leaked in early December by tech bloggers Jane Manchun Wong and Nima Owji.
Members of the Dogecoin (DOGE) group have been particularly hopeful given Twitter CEO Elon Musk’s affiliation with the token. In a Dec. 4 Twitter Areas occasion, Musk stated he was nonetheless interested by integrating crypto with the social media platform.
Nevertheless, newly leaked photos of the undertaking’s growth shared by Wong and Owji on Jan. 10 are devoid of any point out of crypto or blockchain know-how.
Owji tweeted that no leaks thus far have supplied any indication that crypto can be concerned in Twitter Cash:
“It appears to be an in-app forex to help the creators. I did not discover something that relates it to *crypto* forex.”
The leaked photos as an alternative present extra gentle into the deliberate makes use of of the in-app digital forex.
One of many photos is a screenshot of the purported buying splash web page for Twitter Cash, which explains that the in-app forex will permit customers to “help creators who Tweet nice content material.”
“Cash assist you to help creators who Tweet nice content material. Unused cash are saved in your steadiness.” pic.twitter.com/ksNu75mI2r
— Nima Owji (@nima_owji) January 10, 2023
This seems to be in reference to the platform’s “Twitter Awards,” which was additionally leaked by Manchun Wong per week earlier, on Jan. 5.
Based on a tweet by Wong, awards akin to “Thoughts Blown,” “Bravo” and “Tremendous Like” could be despatched to content material creators on the platform — at a price denominated in Twitter Cash.
The function bears similarities to Reddit’s tipping and rewards system, the place Redditors use “Reddit Cash” to ship awards to different customers who make a put up, remark or dwell video broadcast that they’ve loved.
Associated: Twitter knowledge breach: Hacker put 200M customers’ personal data up for grabs
Even buying Twitter Cash gained’t contain crypto funds at this stage. Based on Wong, buying Twitter’s digital forex can be enabled via fiat utilizing Stripe.
Stripe is a fiat-based fee processing platform that lets retailers settle for credit score and debit playing cards, financial institution transfers, and cash-based vouchers.
Nevertheless, that’s to not say that crypto might not ultimately play a component within the equation.
On April 22, Stripe introduced it had begun supporting payouts to pick out Twitter content material creators in USD Coin (USDC) with payouts happening over the Polygon community.
