Is Twitter Launching Cryptocurrency?
It is alleged that Elon Musk pushed the button to develop a cryptocurrency called “Twitter Coin”. With the emergence of Twitter Coin rumors, all eyes turned to Dogecoin. Although there is no official statement about this project for now, some images show that a new payment system is likely to emerge within the scope of Twitter 2.0. The question of whether Dogecoin will take part in this project remains unanswered.
Rumors that Twitter was working on its own crypto-asset quickly spread after blogger and Twitter user Jane Manchun Wong posted an image of Twitter Coin, which she came across among Twitter codes. After this post, Wong’s posting to private mode and even closing his account afterwards was a move that further supported the rumors.
Some users continued to share this image they captured. This indicates that Twitter has developed a logo for the crypto asset. In another post by Wong, who leaked information about Twitter Coin, he said that Twitter, which is the boss of Elon Musk, may soon activate cryptocurrency tips and payment options. She supported this claim with an image she leaked the Twitter API.
With the emergence of Twitter Coin rumors, the question of what will happen to Dogecoin began to gain weight. First impressions are that if Twitter launches its own crypto asset, it won’t need Dogecoin or even Bitcoin. If these rumors turn out to be true, things could get worse for Dogecoin.
On the other hand, there is a hint that many cryptocurrencies can be supported as a payment method in the leaked API image. This could mean that Elon Musk will continue to support his favorite cryptocurrencies DOGE and BTC and integrate it with a possible Twitter Coin project.
Elon Musk has not yet made a statement about these rumors. Twitter’s boss said in a post last week that digital payments will be integrated into a new process touted as Twitter 2.0, but didn’t provide further details. Even if Musk did not mention Dogecoin in this post, the price of the coin saw a rapid increase.
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