Rumors are circulating on social media that Twitter is considering launching its own native asset dubbed Twitter Coins 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 image of a coin bearing the Twitter logo and the “Coins” option for tipping.
The TwitterCoin hashtag has seen a flood of posts from users who are both excited and unsurprised that the social media platform might 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 similar subject in a Dec. 4 Twitter Spaces, Musk suggested to an audience of 2.1 million listeners that he was still interested 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 said.
Twitter has been gradually increasing its payment connections over the past few years, and as of September 2021, it also supported fiat tipping as a host method in addition to Bitcoin (BTC) and Ethereum (ETH).
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.
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