Along with the accommodation of this feature, traders will also be able to acquire on-time cryptocurrency market information on all the monetary tokens on the platform.
Jane Manchun Wong, a prominent reverse engineering expert, has disclosed that the social media platform Twitter is moving closer to inaugurating a new feature which is known as Coins.
The feature is all set to reward users for posting some specific tweets by entering Twitter’s internal token with fiat money. The feature will also engage in conducting transactions via Stripe, an internet technology platform that allows payments and other kinds of transactions in several nations around the world. Stripe dived into backing crypto payments last year, and Twitter examined USDC payouts via Stripe for creators monetizing their content through social media platforms.
As initially reported by the media, Twitter backtracked on its decision to launch a cryptocurrency wallet following the social media platform being bought by the much-criticized tech entrepreneur Elon Musk. Dogecoin plunged to approximately ten percent showcasing how related its popularity is to news associated with Musk and his firms. Recently, Twitter also launched a novel crypto attribute that enabled users to search for updated price details. The brand-new modification allows users to search for price charts for both Bitcoin (BTC) and Ethereum (ETH) by easily typing their name or ticker symbol in the search tab.
Along with the accommodation of this feature, traders will also be able to acquire on-time cryptocurrency market information on all the monetary tokens on the platform. Twitter has recently picked up the pace and built on novel features to get a hold of its users after massive criticism from the community over Musk’s decisions.
The news also claims that Twitter’s monetization scheme persisted in building, even though the loss of its employees has impacted the company’s operations. It seems for now that those who will be awarded the Twitter prizes will have to be patient until they earn at least $50 worth to redeem, which is the same amount as the minimum payout amount for those monetizing Twitter’s existing Super Follows feature.
Developer and app researcher Nima Owji, who initially distributed leaks of Twitter Coin in December, said that he also did not find any indications that crypto will constitute the Coins and Awards giveaways. However, Owji did say that if Twitter had planned to enforce crypto, it would be keeping the rumors under wraps for now.
According to Owji, Twitter doesn’t forward any sensitive details about specific things when not ready. He added to his statement by claiming that if the company were to add it to the algorithm, they will plan to release it.
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