Go On... Twitter Again Makes Crypto Wallet

Twitter wants to create a crypto wallet. (Photo; Doc. Unsplash)

JAKARTA The social media giant with the blue bird logo, Twitter, is reportedly developing a crypto wallet that allows users to send and withdraw their cryptocurrencies. This information was leaked by a technology blogger and information leaker on the development of social media platform, Jane Manchun Wong, on October 24 yesterday.

Twitter is working on a " wallet prototype" that supports "crypto deposits and withdrawals," Wong said in his Twitter post.

However, it is not yet known whether Twitter will use certain cryptocurrencies or not as an official platform transaction tool. As a result, there is no schedule for when we may study confirmation or related information.

According to CoinCu, following the example set by former co-founder and CEO Jack Dorsey, who is currently run by current CEO Parag Agrawal, Twitter has made deliberate attempts to be present in the cryptocurrency space.

Rumors arise when the company is experiencing difficult times, with an acquisition candidate led by Elon Musk and a lot of controversy around it. Of course, Twitter aims to engage with the crypto community using strategies such as hexagonal profile images for NFT holders.

Although this new initiative, such as the integration of Reddit avatar NFTs, has been successful well, social media efforts have so far rarely produced significant success. However, social media platforms are rarely seen as potential markets for blockchain in cryptocurrency wallet spaces.

After about a year of operation, the parent company Meta (formerly Facebook) recently abandoned the mostly unsuccessful Novi crypto initiative. It follows a project failure with a similar fate, such as Diem (previously known as Libra).

As for digital wallets, crypto users today still use MetaMask and TrustWallet which are considered effective and simple in their use. Apart from all that, if it is true that Twitter is developing a crypto wallet, this information should not surprise many because Twitter founder Jack Dorsey has already entered the cryptocurrency world.