Twitter appears to have begun rolling out a beta version of Twitter Coins to some users. Some Twitter users stated that they will be able to buy Tweetcoins from February 22. Rumors of Twitter launching its own token began circulating in December 2022.
🚨#break in: Twitter Coins BETA launch report is about to start
(more details below) pic.twitter.com/TSHcPXHeeW
— Mario Nawfal (@MarioNawfal) February 22, 2023
Twitter user “Tree of Alpha” said a bundle of 150 Twitter Coins could be purchased Wednesday for $1.99. The only payment method available is Stripe.
IBC Group CEO Mario Nawfal has previously said that the launch of Twitter Coins will allow users to reward tweets.
App researcher Nima Owji posted a Twitter screenshot explaining its native token. According to Twitter, its tokens are “virtual goods.” As you receive coins, they accumulate into diamonds, which can be exchanged for cash. “
#Twitter Keep working on coins! Here is Twitter explaining what Twitter Coin is.
“As you receive coins, they accumulate into diamonds, which can be cashed out.” pic.twitter.com/E9pZagnMyO
— Nima Oji (@nima_owji) February 10, 2023
Twitter said its token will allow fans and viewers to reward content creators while creating passive income channels.
However, Joe Burnett, principal analyst at Blockware, noted that Twitter competitor Nostr’s zaps are “1,000 times better than Twitter Coins.” Nostr is a decentralized social media platform where zaps represent micropayments using the Bitcoin Lightning Network.
- Twitter is getting closer to launching a ‘coin’ feature
- Rumor: Twitter considers integrating crypto payments and launching its own native token
According to Cryptoslate