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11 Nov 2021

Dedicated “Twitter Crypto” team to explore Bitcoin and Digital Currencies

The Index Today

Twitter Inc has created a new crypto team called the “Twitter Crypto” to assist users in finding new ways to earn money in the form of cryptocurrencies or Bitcoin payment. The dedicated team will use blockchain technology and will be led by software engineer Tess Rinearson.

The Twitter Crypto team is expected to hire more team members soon and draw out a new strategy for crypto payments. Twitter has enabled processes to allow users to pay through crypto and verify their own NFTs. However the firm now wants to look into other options and focus on decentralized applications that run independently. According to Coindesk, Bitcoin was being traded at a record high of $66,000.

Back in March, Jack Dorsey Twitter chief executive sold his first tweet as an NFT for a whopping $2.9 million. Twitter’s new crypto plans come after Apple Inc announced its future plans to explore digital currencies as a medium for Apple Pay. Other companies have also showed interest in the growing market of cryptocurrencies, PayPal Holdings Inc being one of them. The company aims to broaden its customer base and allow cryptocurrency assets to be traded on its platform in the near future.

©Photo: Grayson Blackmon / The Verge 

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