Twitter working on its own native coin “Twitter coin”: Rumours

A researcher claimed that Twitter was working on a new coin for the Twitter ecosystem but chats & accounts of that researcher have been deleted.

Twitter is a giant social media platform and in the last few years, this platform grabbed a better boost because of the inflow of new users from the crypto space. In late October of this year, Elon acquired Twitter as a private company for $44 Billion. A few days ago, Twitter confirmed that it will bring payment features into its ecosystem. 

Recently a Twitter user named Jane Manchun Wong (@wongmjane) shared a picture of her research to confirm that the Twitter team was working on a coin “Twitter coin”. But the Twitter account of this user now has been deleted without any clear reason.

Twitter owner & CEO Elon Musk is a fan of Dogecoin and he believes Dogecoin will be the future of crypto payments, so there is very less chance for such types of coins to get placed in the Twitter ecosystem. Even if the concept of the Twitter coin is true then still Elon will never allow the launch of such coins, instead, he will use Dogecoin. 

Recently in a Twitter space discussion, Musk said that Twitter required all kinds of features more likely to WeChat, including fiat & crypto payments, so that people can use it perfectly.

“WeChat has a lot of functionality that Twitter should have. It’s kind of a no-brainer for Twitter to have payments, both fiat currency and crypto, and to make that easy and simple for people to use.”

Musk also noted that only particular crypto coins will not get success in the future in the payment system, instead the whole sector will create a better level of competition against fiat payment. 

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