Is Elon Musk Creating a Twitter Crypto Coin?

Rumours are circling on social media that new Twitter CEO and crypto proponent Elon Musk is potentially creating a native coin for the social media platform, in what could be the latest revival attempt at virtual currencies amidst a cold crypto winter.

Musk, who has long been a crypto enthusiast, says it’s a “no brainer” for social media sites such as Twitter to offer payment options in both fiat and digital currencies. “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,” the Twitter CEO recently told Twitter Spaces host Mario Nawfal.

Indeed, Musk’s commentary comes in light of a recent finding by researcher Jane Manchun Wong, who, after extracting code from Twitter’s Web app, discovered an image depicting what appears to be a “Twitter Coin,” as well as integration for a crypto “tipping” feature. However, Wong’s account has since been deleted along with the tweet describing the potential development.

Information for this briefing was found via The Block, Twitter, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Major Russian Bank Set to Launch its own Stablecoin in 2021

A number of central banks around the world have been mulling the use of digital...

Monday, January 25, 2021, 11:51:00 AM

Elon Musk Couldn’t Help But Be Weird About Taylor Swift, Says He’ll Give Her A Child

Taylor Swift, arguably the most influential musician in the world, has thrown her support behind...

Thursday, September 12, 2024, 07:00:00 AM

Dogecoin Surges Another 20% as Elon Musk’s Upcoming SNL Appearance Fuels Rally

Dogecoin’s record rally does not appear to be subsiding anytime soon, as the meme join...

Thursday, May 6, 2021, 06:58:00 PM

No, Elon Musk Can’t Just Pay $1.0 Billion To Walk Away From Twitter Deal

Elon Musk has seemingly found himself in a pickle when it comes to funding his...

Friday, October 7, 2022, 03:45:00 PM

Lawmakers Urge Treasury Secretary To Allow Musk’s Starlink To Provide Internet In Iran

A bipartisan group of lawmakers recently wrote to Treasury Secretary Janet Yellen to allow Elon...

Friday, September 23, 2022, 11:41:00 AM