Cryptocurrency News

Twitter Is Reportedly Expanding Its Crypto Products Lineup With Blockchain Wallet

By October 26, 2022 No Comments
Twitter app cover image

Key takeaways:

  • According to blogger Jane Manchun Wong, Twitter is working on its own cryptocurrency wallet product
  • The wallet, still in prototype stages, will reportedly support deposits and withdrawals
  • Twitter has previously added several crypto-focused features, including BTC and ETH tips, as well as NFT functionality

The wallet is currently in the prototype stages of development

Prominent blogger and hacker Jane Manchun Wong has revealed that Twitter is working on a “wallet prototype” that will support both cryptocurrency deposits and withdrawals.

While Wong didn’t share any additional information in a tweet made on October 24, she did add that she will do so when “more information becomes available.”

Wong, who earned her fame by uncovering hidden features buried in the code of some of the more popular online products and services, has, among other things, correctly predicted that OpenSea would be adding support for Solana in January. While OpenSea initially refused to comment on her findings, the world’s largest NFT marketplace did ultimately integrate Solana a few months later. 

The social media giant keeps expanding its crypto presence

The news of Twitter working on its own crypto wallet shouldn’t come as a surprise – the San Francisco-based social media company has launched several crypto-focused features in the last couple of years.

In January 2021, Twitter introduced a non-fungible token (NFT) specific feature that allows NFT owners to display their digital collectibles as their profile pictures. A month later, the company launched the Ethereum tipping functionality.

Last September, the company rolled out Bitcoin tips through the Lightning Network, enabling Strike wallet users to send BTC to each other much more efficiently than what is possible on Bitcoin’s Layer 1 blockchain.

With Elon Musk’s $44 billion Twitter acquisition back on the table, Twitter could be adding even more crypto features in the future. Tesla billionaire has, on numerous occasions, floated the idea of integrating Dogecoin into the Twitter platform in some capacity.