2023-01-12
Twitter is constantly developing new features to help
users "tip" each other using "Coins" that can be purchased
in Fiat currency. In addition, this new feature allows users to reward each
tweet post using a "coin" that can be withdrawn with a minimum
threshold of $50.
Jane Manchun Wong, a security researcher and data
analyst, said Twitter is developing a "buying" interface and a
"menu button for Coin" and will use Stripe to process fiat payments.
The news suggests that Twitter's monetization strategy continues to evolve, despite losing a lot of employees a few months ago. After Elon Musk was acquired.
Ref. Jane Manchun Wong / Twitter
While it is unlikely that these coins will exist on the
blockchain, there is a possibility that Twitter will be able to add Crypto as a
payment method through Stripe so that users can purchase Twitter Coins with
Crypto in the future.
Stripe turned to crypto payments last year, and Twitter
also tested USDC payments through Stripe for those who monetize content through
its Twitter website last year.
For now. It seems that those who receive Twitter Awards
will have to wait until they get at least $50 to redeem
it, which is equal to the minimum amount paid to people who monetize the
feature. The "Super Follows" that Twitter has.
Ref. Jane Manchun Wong on Twitter
As for the question of whether Coin or Twitter rewards
can become Crypto in the future, it seems to be something that shouldn't be expected right now.
"There's
no clear indication that Twitter's coins can be Crypto." Researcher Wong
told reporters.
Developer and application researcher Nima Owji, who
shared the leaked Twitter Coins data in December, told news media that he
hadn't found any signs that Twitter's medals or awards would be related to
Crypto, but Owji said that if Twitter planned to use Crypto, those plans would
be subject to stricter conclusions.
"They
usually don't reveal sensitive information about these things when they're not
ready," Owji told Decrypt. "I guess if it's going to involve Crypto,
they should add it to the code when they want to publish this coin."
Last week Wong said that this Twitter’s reward will
include correspondence such as "Mind Blown," "Bravo,"
"Bullseye," "Gem", and "Crown," among others.
Such interactions will require coins to be given to user tweets similar to
Reddit Gold, a feature that Redditor pays to buy "gold." When they
believe that particular post. There are helpful moves.
Source Link: Decrypt
Photo Credit: Link
