Twitter is building a cryptocurrency team to bring blockchain and crypto solutions to its platform
India Today
Twitter has started building a new team that will focus on decentralising the social media platform and enabling blockchain-powered solutions on the online service. The company might start this by introducing crypto payments and NFT sale options to its users.
Twitter has always been the hotbed of all discussions around cryptocurrencies. If you seek an example, just look at the number of times a crypto coin or token's price has shot up after Elon Musk tweeted about it. It seems that the social media firm realises its importance in the space, as it has now promised to work on crypto and blockchain solutions for the platform.
The announcement comes through a new tweet by Tess Rinearson, the engineer who has joined Twitter to lead its crypto efforts. Rather than specifically working on cryptocurrencies, Twitter's new team will focus on the underlying solutions including blockchains and other decentralized technologies.