Social media platform Twitter has created its own cryptocurrency team in order to be part of the decentralized internet, according to a Wednesday report by The Financial Times.
The newly assembled team will be spearheaded by seasoned blockchain engineer Tess Rinearson.
Twitter launched a Bitcoin tipping service for iOS users in September and later started testing it on Android devices.
The company is also working on a feature that will make it possible for users to show off their non-fungible tokens (NFTs).
According to Rinearson, the company also aims to “push the boundaries” with its crypto-related initiatives:
Looking farther ahead, we’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.
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Digital Currency Group CEO Barry Silbert described the development as a "big deal."
Twitter CEO Jack Dorsey is known as a staunch Bitcoin advocate.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team