Is Twitter Building a Crypto Wallet?

Twitter is reportedly engaged on a pockets that may permit the deposit and withdrawal of cryptocurrencies.

Twitter Pockets

Twitter’s crypto pockets might certainly be within the works.

Jane Manchun Wong, a blogger identified for disclosing early tech developments, shared her findings at present that Twitter is working by itself crypto pockets.

“Twitter is engaged on a ‘pockets prototype’ that helps ‘crypto deposit and withdrawal,’” she tweeted.

Twitter has not publicly introduced any such product, and it’s unclear the place Wong obtained the knowledge. Nevertheless, statements from Wong elsewhere counsel that she finds most of her data in publicly obtainable code.

Twitter has launched numerous different cryptocurrency-related options over the previous 12 months. In September 2021, it launched cryptocurrency tipping. In November 2021, it started to combine web3 dApps. This January, it started to permit customers so as to add NFTs as profile footage.

Moreover, Elon Musk briefly thought of utilizing crypto micropayments to restrict spam transactions throughout his ongoing acquisition of Twitter. More moderen developments counsel this may occasionally not be into consideration.

Immediately’s information additionally comes shortly after information of Twitter’s decentralized social media platform BlueSky. The mission introduced the launch of a beta app final Tuesday.

Although BlueSky might attraction to the crypto neighborhood’s values round decentralization, BlueSky lead Jay Graber has emphasised that BlueSky won’t have crypto options: “I’m assured in our resolution to not put social media content material on a blockchain,” she wrote on October 20.

As such, evidently at present’s report is probably going associated to Twitter’s present crypto options—to not ongoing developments from Elon Musk or BlueSky.

Disclosure: On the time of writing, the creator of this piece owned BTC, ETH, and different digital property.