Social media customers are swirling round rumors that Twitter is taking a look at introducing its personal native asset referred to as “Twitter Coin” for use for funds and tipping on the platform.
Some are citing the preliminary studies from sources reminiscent of Nima Owji, who runs an app-focused info leak account on Twitter.
On Dec. 4, he posted a screenshot of what seems to be a prototype Twitter interface exhibiting a “Cash” choice for tipping, together with a vector picture exhibiting a coin bearing Twitter’s brand.
#Twitter is engaged on Cash! pic.twitter.com/67upjUn37D
— Nima Owji (@nima_owji) December 3, 2022
Others have pointed to tweets from tech researcher Jane Manchun Wong, who claimed to have extracted code from a particular model of Twitter’s net app to search out the identical info as Owji, although the publish itself and Wong’s account have since been deleted for unknown causes.
There has additionally been a swarm of posts below the TwitterCoin hashtag, with many individuals excited however finally unsurprised that the social media platform might be engaged on new fee rails and system integrations now that Elon Musk is on the helm.
New buzz circulating a couple of “Twitter Coin” and it has been trending. Little doubt, twitter is tough at work in integrating a fee system of each fiat & crypto, and little doubt, for crypto, #TwitterPiPayment is probably the most viable choice. Nothing higher than Pi on the market. Time will inform. pic.twitter.com/kTs3lS4Tk2
— Woody Lightyear π (@WoodyLightyearx) December 5, 2022
Members of the feverent Dogecoin neighborhood on Twitter and Reddit have additionally tried connecting the dots, with some remaining hopeful that Twitter Coin is only a placeholder identify for Dogecoin, contemplating Musk’s long-running affiliation with the memecoin.
#TwitterCoin is a code for not saying #dogecoin. pic.twitter.com/Flr3Pk4wzM
— Pythadoge (@pythadoge) December 5, 2022
Talking on an identical topic in a Dec. 4 Twitter Areas, Musk prompt to an viewers of two.1 million listeners that he was nonetheless occupied with integrating crypto with the social media platform.
“It’s form of a no brainer for Twitter to have funds, each fiat and crypto,” he mentioned.
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Because it stands, Twitter has been step by step increasing its fee integrations over the previous couple of years, and at the moment helps fiat tipping for a bunch methodology alongside Bitcoin (BTC) and Ethereum (ETH), which had been built-in in September 2021.
For the reason that $44 billion takeover went by way of in October, Musk has overseen a bunch of adjustments to Twitter, significantly relating censorship coverage, info disclosures and botting exercise.
