Is Twitter Constructing a Crypto Pockets?

Key Takeaways

Twitter is reportedly engaged on a cryptocurrency pockets that features help for deposits and withdrawals.
The discovering was disclosed by blogger Jane Manchun Wong, who sometimes obtains info from public code.
Twitter has launched a number of different cryptocurrency-related options to its web site over the previous yr.

Twitter is reportedly engaged on a pockets that may enable the deposit and withdrawal of cryptocurrencies.

Twitter Pockets

Twitter’s crypto pockets could certainly be within the works.

Jane Manchun Wong, a blogger identified for disclosing early tech developments, shared her findings right now that Twitter is working by itself crypto pockets.

“Twitter is engaged on a ‘pockets prototype’ that helps ‘crypto deposit and withdrawal,’” she tweeted.

Twitter has not publicly introduced any such product, and it’s unclear the place Wong obtained the knowledge. Nevertheless, statements from Wong elsewhere recommend that she finds most of her info in publicly out there code.

Twitter has launched numerous different cryptocurrency-related options over the previous yr. In September 2021, it launched cryptocurrency tipping. In November 2021, it started to combine web3 dApps. This January, it started to permit customers so as to add NFTs as profile footage.

Moreover, Elon Musk briefly thought of utilizing crypto micropayments to restrict spam transactions throughout his ongoing acquisition of Twitter. Newer developments recommend this will likely not be into account.

At this time’s information additionally comes shortly after information of Twitter’s decentralized social media platform BlueSky. The undertaking introduced the launch of a beta app final Tuesday.

Although BlueSky could attraction to the crypto neighborhood’s values round decentralization, BlueSky lead Jay Graber has emphasised that BlueSky is not going to have crypto options: “I’m assured in our determination to not put social media content material on a blockchain,” she wrote on October 20.

As such, it appears that evidently right now’s report is probably going associated to Twitter’s present crypto options—to not ongoing developments from Elon Musk or BlueSky.

Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different digital belongings.

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