After launching cryptocurrency tipping features on its platform, the social network Twitter is reportedly working on a prototype cryptocurrency wallet to facilitate these transactions.
One more step towards the democratization of cryptocurrency
The relationship between the social network Twitter and the blockchain is not a recent affair. Indeed, it is possible for its users to tip in cryptocurrencies since September 2021 starting with Bitcoin (BTC).
The platform later extended these donations to Ethereum (ETH) blockchain tokens, and also offers to add profile photos as non-fungible tokens (NFTs).
According to tech blogger Jane Manchun Wong, Twitter is working on the prototype of a wallet allowing the deposit and withdrawal of cryptocurrencies.
Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”
—Jane Manchun Wong (@wongmjane) October 24, 2022
This new internal social network wallet would aim to facilitate cryptocurrency transactions without having to go through a third-party platform.
This project could also correspond to the wish of billionaire Elon Musk that a multitude of services are available on a single application. Indeed, the potential buyer of Twitter would seek to create a competitor to the WeChat application, which is very popular in China.
The new feature could therefore allow the social network to continue to establish itself in the world of blockchain.
👉 Related – Will Twitter users soon have to buy DOGE to tweet?
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As an economics student, cryptocurrency and blockchain caught my attention a few years ago, and I am now intrigued by their implications for the economy and society.
Kamil Witoslawski
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