Twitter, the social network with the blue bird, is one of the most favorable to blockchain technologies. For some time now, NFT holders have had the option of displaying their digital assets there, especially as a profile picture. Recently, Twitter officials implemented a feature that allows users to tip content creators in bitcoins. The ability to tip has also become available to Ethereum users. For some time, analysts predicted that the network would become more involved in the crypto value chain. It might already be.
Twitter continues its momentum in the field of cryptos
Twitter is working on developing its own crypto wallet. This was tweeted by Jane Manchun Wong, famous software engineer and known for her announcements and posts on technology features. According to his details, the developers are currently working on the prototype of the wallet. You should know that Twitter has not made any official communication on this subject.
The crypto wallet will allow Twitter users to deposit and withdraw their funds without relying on third-party services.
In case of confirmation of the information, Twitter will mark one more step in the universe of cryptos. In April, the social network signed a deal with Stripe to test a way for creators to receive payments in cryptos. This select group of creators with monetization features enabled can receive payouts in USDC.
Twitter, a serious competitor?
There are several crypto wallets like Coinbase, BlockFi, SatoshiLabs, Ledger, Gemini, Crypto.com. A very competitive market that Twitter could eventually dominate thanks to the many innovations it is preparing. After the information was published, many users were very enthusiastic. The upcoming takeover of the network by Elon Musk reinforces them above all in the belief that the portfolio could impose itself.
Twitter is resolutely turning to blockchain and new digital technologies. The social network is preparing a Web3 strategy with a test product that will allow users to share NFTs and call-to-action (CTA) collection objects on the platform. We learn that a project to create a crypto wallet prototype is also underway. If the information has not been confirmed by officials, it has already created a big wave of enthusiasm among users.
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