According to tech sleuths, a secret new Twitter feature is about to wreak havoc on the world of bitcoin and crypto (including Elon Musk’s favorite, dogecoin, amid wild upgrade speculation).
According to researchers, Twitter code shows the development of a potential “Twitter coin” cryptocurrency that could rival bitcoin and dogecoin—just days after new Twitter owner Elon Musk sent a different cryptocurrency skyrocketing by 300%.
Nima Owji, who manages the Twitter-leaks account, announced that Twitter is working on coins and shared screenshots of the platform’s user interface with a “coins” option for tipping.
Technology feature leaker Jane Manchun Wong told The Block that the feature hadn’t even been released yet and that there wasn’t much information available about it. Later, Wong deleted both her Twitter account and her posts.
Since Tesla CEO Elon Musk took over, there have been numerous rumors and speculations that Twitter might introduce bitcoin, dogecoin, or other cryptocurrency features. Musk has encouraged these rumors by promising to turn Twitter into a WeChat-like super app.
Musk stated during a Twitter Spaces broadcast that just over 2 million people tuned into over the weekend that WeChat has a lot of functionality that Twitter should have. Having both fiat currency and cryptocurrency payments on Twitter and making them simple and easy to use is kind of a no-brainer for Twitter.
People will use cryptocurrencies that they believe will increase in value over time, according to Musk, and they won’t use those that don’t.
Following Musk’s takeover of Twitter, the price of the meme-based cryptocurrency dogecoin, which he has frequently cited as his preferred cryptocurrency in recent years, has increased. The price of dogecoin has decreased this week as rumors about a potential Twitter coin circulate.
Without referring to any specific cryptocurrency, he does believe that crypto will play a part in the future in order to prevent the financial system from becoming wholly corrupted said Musk. It essentially offers the fiat system competition. Crypto will therefore increase if the fiat system becomes overly restricted.
