A well-known expert on reverse engineering named Jane Manchun Wong recently revealed that the social media site Twitter is getting closer and closer to launching a new feature known as Coins.
By exchanging Twitter's internal token for real-world currency, users will be rewarded for sending certain types of tweets once the feature is fully operational. This feature will also indulge in carrying out transactions using Stripe, which is a web-based technology platform that enables payments as well as other sorts of transactions in several countries all over the world.
In the previous year, Stripe began supporting crypto currency payments, and Twitter investigated USDC payouts through Stripe for content creators who monetize their work through social media platforms.
Following the social media network purchase by the controversial business magnate Elon Musk, Twitter reversed its decision to develop a crypto currency wallet, as previously reported by media (1). The decline in the value of Dogecoin to about ten percent demonstrates how closely its popularity is tied to news connected with Musk and the companies he runs.
Other New Features Added to Twitter
Recent developments have seen Twitter roll out a novel crypto characteristic that allows users to search for up-to-date price information. A brand-new update allows users to browse price charts for Bitcoin (BTC) and Ethereum (ETH). To do so, they need to find either the name of the crypto currency or its ticker symbol in the search tab.
Traders will also be able to access real-time information on the crypto currency market for all of the monetary tokens supported by the platform, which will be implemented simultaneously with this functionality.
After receiving widespread criticism from the user base due to Musk's decisions, Twitter has, as of late, stepped up its game and developed several innovative new features to regain its users' trust.
Even though the company's operations have been negatively hampered due to the loss of its personnel, the story indicates that Twitter's monetization plan has continued to expand. It appears for the time being that individuals who will be given the Twitter awards will have to be gentle until they accumulate at least $50 worth to recoup.
This amount is the same as the minimal level payout amount for those leveraging Twitter's existing Super Follows feature, so it is reasonable to assume that this requirement will also apply to those who will be granted the Twitter prizes.
Nima Owji, a developer and software researcher responsible for the original leaks of Twitter Coin in December, stated that he did not uncover any indicators that crypto will constitute the giveaways of Coins and Awards either. Owji did indicate that Twitter would be maintaining the speculations under wraps for the time being if it had meant to enforce crypto, but it was in contrast to what he said earlier.
According to Owji, Twitter will not forward sensitive information regarding specific subjects when it is not ready. He added to his comment by asserting that if the corporation included it in the algorithm, they would plan to reveal it. This was his addition to what he had already said.