Twitter is Reportedly Working on Crypto Tipping and Native Coin
Extracted code shows that Twitter might be developing a crypto payment system integrated with a native coin.
Twitter's web app code shows a potential new "Twitter Coin" tipping integration
Earlier this week, rumors of "Twitter Coin" went viral on social media after several reports revealed that Twitter might be working on a crypto payment system integrated with a native coin.
Nima Owji, who runs an app-focused information leak account on Twitter, posted three screenshots on December 4th, showing what appears to be a Twitter interface with a "Coins" option for tipping, along with a vector image showing a coin bearing Twitter's logo.
The leaked information was similar to what was shared by security researcher Jane Manchun Wong, who claimed to have found these through code extracted from a recent version of the Twitter Web App.
Wong told The Block through her LinkedIn profile that the Twitter Coin icon may not represent a native token in the works, but it may be related to the crypto tipping feature instead. "It isn't rolled out yet; there is little information out there about what this is exactly," Wong wrote.
Soon after sharing the leaked screenshots, Wong's Twitter and LinkedIn profiles disappeared from both platforms. However, the news has already spread like wildfire, with many users from the Dogecoin community speculating that Twitter Coin might be actually a placeholder name for Dogecoin. Given how the meme coin is widely associated with Twitter's new boss, Elon Musk, the token spiked 6% at one point, hitting a high of $0.111.
On December 4th, the billionaire spoke on a similar subject through Twitter Spaces, suggesting 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.
Since the $44 billion takeover of social media giant Twitter, Musk has introduced a host of changes to the platform in terms of censorship policy, botting activity, information disclosures, and paid verification.
