Twitter has sparked great excitement about integrating cryptocurrencies into its platform, but the latest news doesn’t support it. They would still have something to delight the industry.
Upcoming Twitter projects are unveiled
Since the arrival of Elon Musk at the head of the social network, speculation has been rife within the crypto sphere. Although the entrepreneur has not yet talked about the deadlines for installing cryptographic systems on the platform, holders of digital currencies are already elated. However, as the billionaire works to overhaul the company, the latest news indicates the industry will need to be patient.
According to information revealed by the media Platformer and unveiling the next projects that should see the light on Twitter, verification would be one of the features most likely to be implemented in the coming days. Therefore, users would have to pay a monthly fee of $ 8 to get their profile certified with a blue sticker, starting next week. Likewise, the “Notes” option that allowed you to write and post long tweets would also be suspended until further notice. Elon Musk had also proposed to relaunch the Vine application and would have concentrated part of the company’s forces to complete this project as soon as possible.
Finally, the creation of a crypto wallet that can be used on the platform would, in turn, be anything but a priority.
The recently revealed plan on creating a crypto wallet for Twitter also appears to be on hold.
Excerpt from Platformer’s article on upcoming Twitter implementations.
Of course, this list of decisions was not commented on by Twitter officials. It could therefore be that some changes are still possible. However, panic seems to have already taken over the cryptocurrency sphere, with Dogecoin down 10% following the publication of the Platformer article. Although the phenomenon was temporary and the small dog coin was able to rise rapidly, it testifies to uncertainty at the level of DOGE investors. Not seeing the token rise in value as quickly as expected, some of them seem eager to get rich elsewhere as the cryptocurrency market has gone green again.
No, the social network does not abandon cryptocurrencies!
Despite the panic that seems to have taken hold of some users, the roadmap published by Platform still brings good news: the crypto wallet project would really exist. If this is put on hold for the time of the redesign, Twitter would actually consider implementing encryption.
You will therefore need to be patient as Elon Musk is cleaning up the company with a massive employee reshuffle. However, even in this case, the initiative could prove to be beneficial to the sector. As the Binance CEO pointed out, it is possible that Twitter will have some cryptocurrency specialists in its ranks in the future.
Likewise, it could be that the developers of the social network are gradually being replaced by blockchain specialists. The future therefore seems uncertain for the sector, but it could still bring excellent news. Meanwhile, influencers and other industry personalities are already working to raise the price of Dogecoin and make memecoin lovers forget this bad past.
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