Rumors are circulating on social media that Twitter is secretly launching its own native currency dubbed “Twitter Coin” to be used for tipping and making payments on the network.
Some people are quoting the early claims from sources like Nima Owji, who manages a Twitter account dedicated to information leaks about apps.
He shared a snapshot of what seemed to be a prototype Twitter interface on December 4 along with a vector picture of a coin displaying the Twitter logo and the “Coins” option for tipping.
Others have cited tweets from computer researcher Jane Manchun Wong, who claimed to have obtained the same data as Owji by extracting code from a particular version of Twitter’s web app. However, the post and Wong’s account have subsequently been removed for unclear reasons.
The TwitterCoin hashtag has seen a flood of responses from users who are both delighted and unsurprised that the social media site would be developing new payment systems and system connections now that Elon Musk is in charge.
Some people in the Dogecoin community on Twitter and Reddit continue to hold out hope that Twitter Coin is only a fictitious moniker for Dogecoin given Musk’s long-standing connection to the memecoin.
Speaking on a related topic to 2.1 million listeners on December 4, Musk hinted that he was still interested in integrating cryptocurrency with the social media platform.
“Having payments, both in fiat and cryptocurrency, is sort of a no-brainer for Twitter,” he added.
Currently, Twitter allows fiat tipping as a host method in addition to Bitcoin (BTC) and Ethereum (ETH), which were introduced in September 2021. Twitter has been progressively increasing its payment integrations over the last few years.
Musk has been in charge of a number of adjustments to Twitter since the $44 billion acquisition was finalized in October, notable ones pertaining to censorship policies, information leaks, and botting activities.
