• Twitter Inc. is reportedly working on a feature that will allow users to purchase crypto coins.
• The feature will be powered by payment giant Stripe and will enable content creators to earn more revenue.
• Twitter has also released a new crypto feature that allows users to search for up-to-date price information.
Twitter Inc., the social media platform owned by billionaire Elon Musk, is reportedly working on a feature that will enable users to purchase crypto coins. The feature, which will be powered by payment giant Stripe, will give content creators an additional revenue stream and allow users to support their favorite creators.
The news of the coin purchasing feature has been confirmed by tech blogger Jane Manchun Wong, who found the feature being tested in the latest Twitter app update. The feature, which will be available in a “Coins” menu item, will take users to a purchase screen where they can buy cryptocurrency.
The move comes as Twitter is looking to diversify its earnings revenue following a huge slump in advertising. To make up for this, the company has implemented a number of new features, the most popular of which is its paid Twitter Blue subscription. The new coins feature will reportedly be an additional way for users to support their favorite content creators and also to search for up-to-date information on the latest crypto prices.
Musk has spoken of his vision to make Twitter an “everything app”, and the addition of the cryptocurrency feature is a step in the right direction. The feature will be integrated into the Twitter app, allowing users to simply search for and purchase coins without having to leave the platform.
The addition of the coin purchasing feature is sure to attract new users to Twitter and will boost the platform’s usage. As the world moves towards a more digital-based economy, Twitter’s adoption of Web3 features will be a major factor in driving the platform’s growth.
Ultimately, the coin purchasing feature is sure to bring about a new era of content creation and support on Twitter. With the help of Stripe, users will be able to purchase coins to support their favorite content creators and search for up-to-date crypto prices, all while staying on the platform. Musk’s vision of making Twitter an “everything app” is one step closer to becoming a reality.