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Twitter may be developing its own cryptocurrency, according to security researcher Jane Manchun Wong.
Wong, known for researching code on Twitter, found a “Twitter Coin” image and a “Coins” section in the platform’s “Tips” feature. These discoveries suggest that Twitter may be planning to enter the cryptocurrency industry in the future.
Moreover, the issue got deeper when Wong’s account was allegedly suspended for the leak.
There is no clear reason why Wong disappeared from all of her social media accounts.
However, despite these rumors, another Twitter user expressed that Twitter coins may be similar to Tiktok Coins and Facebook Stars.
Though things are not yet clear, the revelations of Wong may imply that Twitter will soon dabble into crypto, or about to accept digital payments, which Twitter’s rival Meta (formerly Facebook) has first jumped into. In fact, before August ended, Meta announced that 2.9 billion users of Facebook and Instagram are now allowed to post their non-fungible tokens (NFTs) and other digital collectibles to their accounts by linking their wallets.
In early August, Meta announced the expansion of NFT support for Instagram to more countries. Instagram users in around 100 countries can now post digital collectibles from the Flow blockchain, Ethereum blockchain, or Polygon blockchain to their accounts.
However, since changing its name to Meta in October last year, its second-quarter report showed that its metaverse-specific division has suffered a $2.8 billion loss. This brings the division’s year-to-date losses to $5.77 billion.
It can be remembered that Facebook, through its subsidiary “Novi” was able to secure a virtual asset service provider license in the Philippines, but it was no longer on the list as of October 2022.
This article is published on BitPinas: Security Researcher Exposes Twitter’s Plan for Crypto Payments, Native Token