– Twitter is reportedly developing a feature that allows users to purchase crypto coins.
– This feature will allow users to support content creators of their choice at a small fee.
– Twitter Inc. is diversifying its revenue following a slump in advertising.
Twitter Inc., the Elon Musk owned social media platform worth $44 billion, is in the process of developing a new feature that will allow users to purchase crypto coins. This feature is expected to be powered by payment giant Stripe and will enable users to support content creators of their choice at a small fee. This comes at a time when the company has seen a huge slump in advertising revenue, and is consequently looking for new ways to diversify its earnings.
The development of this new feature is part of the transition of Twitter into the “everything app” that Musk envisioned when he acquired the company last year. In the past few months, the company has unveiled a plethora of new features, including its paid Twitter Blue, however the reception of Twitter Blue has not been as strong as hoped, with Musk himself not even possessing the blue mark. In addition, the company has been involved in several layoffs.
The new “Coins” feature will be accessible through a menu item, which will take users to a purchase screen. It is expected that with the adoption of Web3 features and the introduction of this new feature, the usage of Twitter will grow exponentially in the coming years.
In addition to the Coins feature, Twitter has also released a crypto feature that allows users to search for up-to-date price information. This is just one of the many changes that the company is making in order to stay competitive in the rapidly evolving world of social media, and to ensure that its users have the best experience possible.
Twitter’s commitment to providing their users with a safe, secure, and enjoyable experience is evident in their focus on the development of new features and the implementation of blockchain technology and cryptocurrency. It will be interesting to see how the company’s new Coins feature will fare, and if Twitter will become the go-to platform for crypto-enthusiasts.