The reverse engineering blogger pointed to Twitter Coin, the platform’s digital currency. Is Dogecoin out of the running?
Since Elon Musk took over Twitter, anticipation of Dogecoin being used as a method of payment has been high within the crypto community. But, a recent announcement from a well-known security researcher and reverse engineering blogger may disappoint crypto enthusiasts.
Prominent blogger leaks a new rewards system
Tech blogger Jane Wong shared a sneak peek at the Twitter Coins purchasing screen. He revealed that the purchase of Twitter Coins will be done through the online payment processing platform – Stripe. Jane Wong has a history of researching and documenting hidden features in websites and mobile apps.
Users will be able to access the coin through navbar menuAccording to tech blogger Nima Ovji. Coins will be used to “reward” creators tag like hilarious, helpful, gem, crown, etc. Twitter will do Payment Manufacturers at a minimum limit of $50.
Is Dogecoin Out of the Race With Twitter Coin Feature Rolling Out?
There is not the slightest indication that Dogecoin or any other crypto is involved in the leak shared by Jane Wong and Nima Owji. neema owji warning “Twitter Coin is still under development, and we don’t even have any proof that it’s anything crypto related,” the crypto scammers said.
Due to such development, the community notes That Dogecoin is dead. However, on the flip side, during a Twitter space in November, Elon Musk mentioned that he is “working hard on DOGE.”
Furthermore, on December 1, Stripe, the company facilitating Twitter Coin, announced an embeddable and customizable fiat-to-crypto onramp. The new service will allow companies to enable their customers to exchange fiat for crypto. community guessed That Elon Musk is hiding his intentions, and that it will eventually be Dogecoin on Twitter.
Twitter is seeking additional revenue through username auctions
According to The New York Times sources, Twitter is considering auctioning off usernames to create a new stream of revenue. However, the final decision has not been taken yet.
one in december TweetElon Musk mentioned that Twitter will soon start freeing up the username space of 1.5 billion accounts.
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BeInCrypto has reached out to the company or the person involved in the story for an official statement regarding the recent development, but has yet to hear back.