Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
âWeâll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,â said team lead Tess Rinearson.
Social media giant Twitter is expanding further into the crypto space by setting up a team to look into decentralized applications, cryptocurrencies and blockchain.
According to a Wednesday tweet, Interchain Foundation council member Tess Rinearson will be leading a team at the social media company aimed at cryptocurrencies, blockchain and decentralized technology. Rinearson said her team would be working with Twitterâs Bluesky project on a decentralized social media platform as well as âexploring how ideas from crypto communities can help us push the boundaries of whatâs possible with identity, community, ownership and more.â
Iâm thrilled to share that Iâve joined Twitter, to lead a new team focused on crypto, blockchains, and other decentralized technologiesâincluding and going beyond cryptocurrencies.âš pic.twitter.com/HaP0k5hUOq
â Tess Rinearson (@_tessr) November 10, 2021
The initiative called Twitter Crypto â not to be confused with Crypto Twitter, which generally refers to the community of crypto users on the platform â will be hiring additional members with engineering and product skills. Based in Berlin, Rinearson said she had no plans to leave Germany but would organize a âdistributed and cross-culturalâ team for the new project.
âAs I build out the team, weâll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,â said Rinearson. âTwitter truly "gets" crypto (hello bitcoin tipping & NFTs!) but thereâs so much more to explore here.â
The announcement comes less than two months after Twitter first launched crypto tipping for its users through the Lightning Network using the Strike app. The platformâs roughly 200 million daily active users also have the option of adding a Bitcoin (BTC) address directly to their profiles.
Related: What Does Twitter's New Decentralized Initiative Mean?
Square and Twitter CEO Jack Dorsey has also proposed developing a decentralized exchange for Bitcoin as many in the space call for platforms and projects to avoid some of the problems of centralization. Recently, the former head of Microsoftâs Decentralized Identity team Daniel Buchner announced he would be leaving the tech company to join Square.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.