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Friday, February 3, 2023

Rumors of a new native ‘Twitter Coin’ emerge while Dogecoiners remain hopeful

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Social media customers are swirling round rumors that Twitter is 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 comparable to 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 “Coins” possibility for tipping, together with a vector picture exhibiting a coin bearing Twitter’s emblem.

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 submit itself and Wong’s account have since been deleted for unknown causes. 

Jane Manchun Wong’s deleted risk: Twitter

There has additionally been a swarm of posts underneath the TwitterCoin hashtag, with many individuals excited however finally unsurprised that the social media platform could possibly be engaged on new fee rails and system integrations now that Elon Musk is on the helm.

Members of the feverent Dogecoin neighborhood on Twitter and Reddit have additionally tried connecting the dots, with some remaining hopeful that Twitter Coin is simply a placeholder title for Dogecoin, contemplating Musk’s long-running affiliation with the memecoin.

Speaking on a comparable topic in a Dec. 4 Twitter Spaces, Musk suggested to an viewers of 2.1 million listeners that he was nonetheless involved in integrating crypto with the social media platform.

“It is kind of a no-brainer for Twitter to have payments, both fiat and crypto,” he mentioned.

Related: Ripple CTO shuts down ChatGPT’s XRP conspiracy theory

As it stands, Twitter has been regularly increasing its fee integrations over the previous couple of years, and at the moment helps fiat tipping for a host technique alongside Bitcoin (BTC) and Ethereum (ETH), which had been integrated in September 2021.

Since the $44 billion takeover went by means of in October, Musk has overseen a host of adjustments to Twitter, significantly relating censorship coverage, info disclosures and botting exercise.