- Twitter reportedly is working on a new feature where Twitter users can support content creators of their choice at a small fee.
- Twitter also released a new crypto feature that allows users to search for up-to-date price information.
Elon Musk’s social media platform Twitter Inc. is reportedly working on a feature to allow users to purchase crypto coins. According to tech blogger Jane Manchun Wong, Twitter’s coin purchasing program will be powered by payment giant Stripe. As such, Twitter will be smoothly transitioning to the everything app Musk envisioned before the acquisition.
Through the coins feature, Twitter users can support content creators of their choice at a small fee. Consequently, the social media platform will diversify its earnings revenue following a huge slump in advertising. Moreover, the company has been involved in several layoffs since Musk acquired the company last year.
The $44 billion valued company has focused on the development of new features in the past few months including paid twitter blue. While the reception of Twitter blue has not been overwhelming, considering even musk does not have the blue mark, the company has unveiled a tone of new features.
Twitter is also working on a “Coins” menu item that takes you to the purchase screen pic.twitter.com/tSG8msWBGe
— Jane Manchun Wong (@wongmjane) January 10, 2023
As such, the social media platform’s usage is expected to grow exponentially in the coming years, particularly with the adoption of Web3 features. Musk and his development team on Twitter have to give blockchain technology and the crypto market more focus due to its immense potential.
For instance, Twitter released a new crypto feature that allows users to search for up-to-date price information. The new improvement enables users to find price charts for both Bitcoin (BTC) and Ethereum (ETH) by simply typing their name or ticker symbol in the search tab. With the addition of this feature, traders can obtain timely cryptocurrency market data on Twitter.
What’s Dogecoin’s Position in Twitter Development
The Dogecoin community has significantly been supported by Musk’s tweets in the past several bull markets. As such, the Doge community anticipates the meme lord will be at the top list of Twitter’s coin features. Moreover, Dogecoin has been adopted in other Musk businesses including SpaceX.
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According to our latest crypto price oracles, Dogecoin (Doge) price hovered around $0.077125 on Wednesday, up 0.4 percent in the past 24 hours. The meme lord has a market capitalization of approximately $10,605,235,116 and a 24-hour volume of about $592,096,806. The PoS meme coin enjoys a vibrant online community and a holder base of about 5,165,216, according to data provided by tokenview.
In the past seven years of existence, Dogecoin price has gained over 88392 percent, with the majority of gains attributed to Musk’s support. Nonetheless, the Dogecoin price has lost approximately 89 percent from its all-time high recorded on May 8, 2021. Market analysts forecast the meme lord will rise exponentially when Twitter adopts Dogecoin in its payment system.
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