More details emerge about Twitter Coins, and cryptocurrencies are not included

Within the new leaked pictures about “Twitter Cash”, the key digital asset below growth of the platform, there aren’t any references to cryptocurrencies or blockchain expertise.

Many members of the group hoped that the key “Twitter Cash” challenge would in some way embody cryptocurrencies, after tech bloggers Jane Manchun Wong and Nima Owji leaked the challenge in early December.

Members of the Dogecoin (DOGE) group have been particularly hopeful given Twitter CEO Elon Musk’s affiliation with the token.. At a Twitter Areas occasion on December 4, Musk stated that he remained involved in integrating cryptocurrency with the platform.

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Nonetheless, The brand new leaked pictures of the event of the challenge, shared by Wong and Owji on January 10, don’t point out cryptocurrencies or blockchain expertise.

Owji tweeted that no leaks to date have offered any indication that cryptocurrencies will likely be concerned with reference to Twitter Cash:

“It seems to be an in-app foreign money to assist creators. I’ve not discovered something that relates it to *cryptocurrencies*.”

The leaked pictures shed extra mild on the meant makes use of of the in-app digital foreign money.

One of many pictures is a screenshot of the purported Twitter Cash buy web page, which explains that the in-app foreign money will enable customers to “assist creators who tweet good content material.”

This appears to check with the platform’s “Twitter Awards”, which Manchun Wong additionally leaked. every week earlier, on January 5.

In response to a Tweet Wong’s, Awards equivalent to “Thoughts Blown”, “Bravo” and “Tremendous Like” may be despatched to content material creators on the platform, at a value denominated in Twitter Cash.

Screenshot of the Twitter Awards checklist. Supply: Jane Manchun Wong in Twitter

The characteristic bears similarities to Reddit’s tip and reward system, by which Redditors use “Reddit Cash” to ship rewards to different customers. who make a publish, remark, or stay video stream that they favored.

Even the acquisition of Twitter Cash won’t contain crypto funds at this stage. In response to Wong, the acquisition of Twitter’s digital foreign money will likely be made by means of fiat funds by means of Stripe.

Stripe is a fiat-based fee processing platform that permits retailers to just accept credit score and debit playing cards, financial institution transfers, and money vouchers.

Nonetheless, that is to not say that cryptocurrencies haven’t got a task within the equation.

On April 22, Stripe introduced that it had begun supporting funds to pick Twitter content material creators in USD Coin (USDC). Funds happen by means of the Polygon community.

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