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Bruce B. Dec 6, 2022
Financial Services News
Last active over 7 days
Last active over 7 days
Rumors suggest that Elon Musk is planning to launch a new cryptocurrency, the Twitter Coin. In a tweet posted by researcher and blogger Jane Wong, there is an image many now consider a Twitter Coin logo.

In a different tweet, Wong hinted that Twitter could launch a crypto payment and tips feature sometime soon.

However, Wong’s account seems to have been deleted shortly after she posted the information. Nima Owji, a researcher, tweeted an image about Twitter working on payments, including a picture showing a “Coins” section in a hidden “Tips” setting on the app.

In response to the news about a possible Twitter Coin, DOGE jumped nearly 6% and hit $0.111. However, as of press time, DOGE is trading at $0.1061.

If the Twitter Coin turns out to be a different standalone cryptocurrency, an official launch could be problematic for other Twitter-popular “crypto assets”, including DOGE and Bitcoin.

A Twitter Coin may mean that the Musk-led company would be disinterested in official support for any other cryptocurrencies. However, the images leaked by Owji and Wong suggest that Twitter could embrace more than one crypto instead of sticking exclusively to the Twitter Coin.

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