Media report on Twitter’s work on its own crypto wallet

Official confirmation of the information from the leadership of the social network has not yet been received

25.10.2022 - 10:45

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2 min

What’s new? According to Jane Manchun Wong, a technology blogger and app researcher, the social network Twitter is working on a “wallet prototype” for storing digital assets. According to Wong, the wallet is expected to support deposits and withdrawals, but it is not yet clear for which cryptocurrencies. There has been no official confirmation from Twitter yet.

Twitter is working on a “wallet prototype” that supports “crypto deposit and withdrawal”— Jane Manchun Wong (@wongmjane) October 24, 2022

What else did Wong report? The researcher noted that she will share new details with the crypto community as soon as they become available. She also stressed that she is not an employee of Twitter. In 2022, Forbes named the software developer to its “30 under 30” list in the Social Media category. On her microblog, she specializes in highlighting the hidden features of apps and developments by tech giants. Wong said her work is aimed at encouraging companies to be more open and transparent.

What happened before? In early October, Elon Musk revived his deal to buy Twitter. The billionaire’s lawyers sent a letter to the company offering to buy it at the original listed price of $44 billion, at $54,2 per share.

Amid this news, the rate of the Dogecoin (DOGE) meme cryptocurrency rose by 8,5%. Previously, Musk suggested integrating Dogecoin payments into Twitter to pay for a Twitter Blue subscription. In February, the social network added the ability to pay tips using Ethereum. Earlier, payments in BTC were already available on the platform.

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