References to crypto or blockchain technology are no place to be discovered in recently dripped images concerning “Twitter Coins”– the platform’s secret in-development digital property.
Lots of in the neighborhood have actually been hoping that the secret “Twitter Coins” project would include cryptocurrency in some way after the task was first dripped in early December by tech bloggers Jane Manchun Wong and Nima Owji.Members of the
Dogecoin (DOGE) neighborhood have been specifically confident offered Twitter CEO Elon Musk’s affiliation with the token. In a Dec. 4 Twitter Spaces event, Musk said he was still interested in incorporating crypto with the social networks platform.
![2f747fa9-58bd-4265-ba09-11548991115b More details emerge on Twitter Coins — and crypto’s not included](https://i0.wp.com/pandoraland.info/wp-content/uploads/2023/01/2f747fa9-58bd-4265-ba09-11548991115b.png?w=640&ssl=1)
no leakages so far have actually provided any indication that crypto will be involved in Twitter Coins: “It appears to be an in-app currency
to support the creators. I didn’t discover anything that relates it to * crypto * currency.”The leaked images instead provide more light into the planned usages of the in-app digital currency. Among the images is a screenshot of the purported
acquiring splash page for Twitter Coins, which discusses that the in-app currency will permit users to”support developers who Tweet terrific material. “”Coins allow you to support creators who Tweet terrific material. Unused coins are kept in your balance.”pic.twitter.com/ksNu75mI2r!.?.!— Nima Owji(@nima_owji)January 10, 2023> This seems in recommendation to the platform’s “Twitter Awards,”which was likewise leaked by Manchun Wong a week previously, on Jan. 5. According to a tweet by Wong, awards such as”Mind Blown,””Bravo”and”Super Like”can be sent out to content developers on the platform– at a cost denominated in Twitter Coins. Screenshot of the list of Twitter Awards. Source: Jane Manchun Wong on Twitter The feature bears similarities to Reddit’s tipping and benefits system, where Redditors use “Reddit Coins”to send awards to other users who make a post, comment or live video
broadcast that they have actually taken pleasure in. Related: Twitter data breach: Hacker put 200M users’personal information up for grabs Even purchasing Twitter Coins won’t involve crypto payments at this phase. According to Wong, buying Twitter’s digital currency will be enabled through fiat using Stripe.Stripe is a fiat-based payment processing platform that lets merchants acceptcredit and debit cards, bank transfers, and cash-based coupons. However, that’s not to say that crypto may not eventually play a part in the equation.On April 22, Stripe announced it had begun supporting payouts to select Twitter material creators in USD Coin (USDC)with payouts taking place over the
Polygon network.
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