More details emerge on Twitter Coins — and crypto's not included

References to crypto oregon blockchain exertion are obscurity to beryllium recovered successful recently leaked images concerning “Twitter Coins” — the platform’s concealed in-development integer asset. 

First leaked successful aboriginal December by tech bloggers Jane Manchun Wong and Nima Owji, galore person been hoping that the concealed “Twitter Coins” task would impact cryptocurrency successful immoderate way.

Members of the Dogecoin (DOGE) assemblage have been particularly hopeful fixed Twitter CEO Musk’s affiliation with the token. In a Dec. 4 Twitter Spaces, erstwhile Musk said helium was inactive funny successful integrating crypto with the societal media platform.

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However, recently leaked images of the project’s improvement shared by Jane Manchun Wong and Nima Owji connected Jan. 10 are void of immoderate notation of crypto oregon blockchain technology.

Owji noted that nary leaks truthful acold person provided immoderate denotation that crypto volition beryllium progressive successful Twitter Coins,:

“It seems to beryllium an in-app currency to enactment the creators. I didn't find thing that relates it to *crypto* currency.”

The leaked images alternatively supply much airy into the planned uses of the in-app integer currency.

One of the images is simply a screenshot of the purported purchasing splash leafage for Twitter Coins, which explains that the in-app currency volition let users to “support creators who Tweet large content.”

“Coins let you to enactment creators who Tweet large content. Unused coins are kept successful your balance.” pic.twitter.com/ksNu75mI2r

— Nima Owji (@nima_owji) January 10, 2023

This appears to beryllium successful notation to the platform’s “Twitter Awards,” which was besides leaked by Manchun Wong a week earlier connected Jan. 5.

According to a Twitter station by Wong, awards specified arsenic “Mind Blown,” “Bravo” and “Super Like” tin beryllium sent to contented creators connected the level — astatine a outgo denominated successful Twitter Coins.

Screenshot of the database of Twitter Awards. Source: Jane Manchun Wong connected Twitter

The diagnostic bears similarities to Reddit’s tipping and rewards system, wherever Redditors usage “Reddit Coins” to nonstop awards to different users who marque a post, comment, oregon unrecorded video broadcast they person enjoyed.

Related: Twitter information breach: Hacker enactment 200M users’ backstage accusation up for grabs

Even purchasing Twitter Coins won’t impact crypto payments astatine this stage. According to Wong, purchasing Twitter’s integer currency volition beryllium enabled done fiat utilizing Stripe.

Stripe is simply a fiat-based outgo processing level that lets merchants judge recognition and debit cards, slope transfers, and cash-based vouchers.

However, that’s not to accidental that crypto whitethorn not yet play a portion successful the equation.

On Apr. 22, 2022, Stripe announced it had begun supporting payouts to prime Twitter contented creators successful USD Coin (USDC) with payouts taking spot implicit the Polygon network.