While Dogecoiners Hold Out Hope, Rumors of a New “Twitter Coin” Start to Circulate

Published on:

Last Updated on December 6, 2022 by Bitfinsider

Rumors are circulating on social media that Twitter is considering launching its own native asset dubbed “Twitter Coin” to be used for tipping and making payments on the network.

Some people are quoting the early claims from sources like Nima Owji, who manages a Twitter account dedicated to information leaks about apps.

He shared a screenshot of what appeared to be a prototype Twitter interface on December 4 along with a vector picture of a coin displaying the Twitter logo and the “Coins” option for tipping.

Source: Twitter

Others have cited tweets from tech researcher Jane Manchun Wong, who claimed to have obtained the same data as Owji by extracting code from a particular version of Twitter’s web app. However, both the post and Wong’s account have since been deleted for unknown reasons.

The TwitterCoin hashtag has seen a flood of responses from users who are both excited and unsurprised that the social media site would be developing new payment systems and system integrations now that Elon Musk is in charge.

Some people in the fervent Dogecoin community on Twitter and Reddit continue to hold out hope that Twitter Coin is only a fictitious name for Dogecoin given Musk’s long-standing connection to the memecoin.

Speaking on a related topic to 2.1 million listeners on December 4, Musk hinted that he was still interested in integrating cryptocurrency with the social media platform. “Having payments, both fiat and crypto, is kind of a no-brainer for Twitter,” he said.

Currently, Twitter allows fiat tipping as a host method in addition to Bitcoin (BTC) and Ethereum (ETH), which were introduced in September 2021. Twitter has been progressively increasing its payment integrations over the past few of years.

Musk has been in charge of a number of adjustments to Twitter since the $44 billion acquisition was finalized in October, particularly ones relating to censorship policy, information leaks, and botting activities.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.