Twitter Coin

More details emerge on Twitter Coins — and crypto’s not included

Tech blogger and app researcher Nima Owji said he didn’t find any indication that cryptocurrencies were involved.

References to crypto or blockchain technology are nowhere to be found in newly leaked images concerning “Twitter Coins” — the platform’s secret in-development digital asset. 

Many in the community have been hoping that the secret “Twitter Coins” project would involve cryptocurrency in some way after the project was first leaked in early December by tech bloggers Jane Manchun Wong and Nima Owji.

Members of the Dogecoin (DOGE) community have been especially hopeful given Twitter CEO Elon Musk’s affiliation with the token. In a Dec. 4 Twitter Spaces event, Musk said he was still interested in integrating crypto with the social media platform.

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However, newly leaked images of the project’s development shared by Wong and Owji on Jan. 10 are devoid of any mention of crypto or blockchain technology.

Owji tweeted that no leaks so far have provided any indication that crypto will be involved in Twitter Coins:

“It seems to be an in-app currency to support the creators. I didn’t find anything that relates it to *crypto* currency.”

The leaked images instead provide more light into the planned uses of the in-app digital currency.

One of the images is a screenshot of the purported purchasing splash page for Twitter Coins, which explains that the in-app currency will allow users to “support creators who Tweet great content.”

This appears to be in reference to the platform’s “Twitter Awards,” which was also leaked by Manchun Wong a week earlier, on Jan. 5.

According to a tweet by Wong, awards such as “Mind Blown,” “Bravo” and “Super Like” can be sent to content creators on the platform — at a cost denominated in Twitter Coins.

Screenshot of the list of Twitter Awards. Source: Jane Manchun Wong on Twitter

The feature bears similarities to Reddit’s tipping and rewards system, where Redditors use “Reddit Coins” to send awards to other users who make a post, comment or live video broadcast that they have enjoyed.

Related: Twitter data breach: Hacker put 200M users’ private information up for grabs

Even purchasing Twitter Coins won’t involve crypto payments at this stage. According to Wong, purchasing Twitter’s digital currency will be enabled through fiat using Stripe.

Stripe is a fiat-based payment processing platform that lets merchants accept credit and debit cards, bank transfers, and cash-based vouchers.

However, that’s not to say that crypto may not eventually play a part in the equation.

On April 22, Stripe announced it had begun supporting payouts to select Twitter content creators in USD Coin (USDC) with payouts taking place over the Polygon network.

Rumors of a new native ‘Twitter Coin’ emerge while Dogecoiners remain hopeful

Online tech sleuths claim to have uncovered a secret new project on Twitter, which is being referred to as “Twitter Coin.”

Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform.

Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on Twitter.

On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo.

Others have pointed to tweets from tech researcher Jane Manchun Wong, who claimed to have extracted code from a specific version of Twitter’s web app to find the same information as Owji, though the post itself and Wong’s account have since been deleted for unknown reasons. 

Jane Manchun Wong’s deleted threat: Twitter

There has also been a swarm of posts under the TwitterCoin hashtag, with many people excited but ultimately unsurprised that the social media platform could be working on new payment rails and system integrations now that Elon Musk is at the helm.

Members of the feverent Dogecoin community on Twitter and Reddit have also tried connecting the dots, with some remaining hopeful that Twitter Coin is just a placeholder name for Dogecoin, considering Musk’s long-running affiliation with the memecoin.

Speaking on a similar subject in a Dec. 4 Twitter Spaces, Musk suggested to an audience of 2.1 million listeners that he was still interested in integrating crypto with the social media platform.

“It is kind of a no-brainer for Twitter to have payments, both fiat and crypto,” he said.

Related: Ripple CTO shuts down ChatGPT’s XRP conspiracy theory

As it stands, Twitter has been gradually expanding its payment integrations over the past couple of years, and currently supports fiat tipping for a host method alongside Bitcoin (BTC) and Ethereum (ETH), which were integrated in September 2021.

Since the $44 billion takeover went through in October, Musk has overseen a host of changes to Twitter, particularly relating censorship policy, information disclosures and botting activity.

Rumors of a new native ‘Twitter Coin’ emerge while Dogecoiners remain hopeful

Online tech sleuths claim to have uncovered a secret new project on Twitter, which is being referred to as “Twitter Coin.”

Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform.

Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on Twitter.

On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo.

Others have pointed to tweets from tech researcher Jane Manchun Wong, who claimed to have extracted code from a specific version of Twitter’s web app to find the same information as Owji, though the post itself and Wong’s account have since been deleted for unknown reasons. 

Jane Manchun Wong’s deleted threat: Twitter

There has also been a swarm of posts under the TwitterCoin hashtag, with many people excited but ultimately unsurprised that the social media platform could be working on new payment rails and system integrations now that Elon Musk is at the helm.

Members of the fervent Dogecoin (DOGE) community on Twitter and Reddit have also tried connecting the dots, with some remaining hopeful that Twitter Coin is just a placeholder name for Dogecoin, considering Musk’s long-running affiliation with the memecoin.

Speaking on a similar subject in a Dec. 4 Twitter Spaces, Musk suggested to an audience of 2.1 million listeners that he was still interested in integrating crypto with the social media platform.

“It is kind of a no-brainer for Twitter to have payments, both fiat and crypto,” he said.

Related: Ripple CTO shuts down ChatGPT’s XRP conspiracy theory

As it stands, Twitter has been gradually expanding its payment integrations over the past couple of years, and currently supports fiat tipping for a host method alongside Bitcoin (BTC) and Ether (ETH), which were integrated in September 2021.

Since the $44 billion takeover went through in October, Musk has overseen a host of changes to Twitter, particularly relating censorship policy, information disclosures and botting activity.