Home News Twitter has created a division on dApps, blockchain and cryptocurrencies

Twitter has created a division on dApps, blockchain and cryptocurrencies

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Social network company Twitter has created a specialized team to develop solutions in the field of blockchain, cryptocurrencies, decentralized applications (dApps) and decentralized finances (DeFi).

Thus, Tess Rinearson became the head of the Twitter Crypto division. Previously, she participated in the development of the Tendermint Core protocol. Moreover, she participated in projects Chain.com and Cosmos.

Rinearson stated that her team would collaborate with Twitter’s Bluesky project to create a decentralized social media platform. In addition, they will explore how ideas from crypto communities can help them push the boundaries of what is possible in terms of identity, community, ownership, and more.

The primary tasks

According to the Financial Times, the primary tasks of the division will be payments, ways of earning cryptocurrency by content creators and the decentralization of the network.

Therefore, Rinearson recalled that the social network has already allowed accepting donations in Bitcoin (BTC) and announced non-fungible token (NFT) identification. According to her, the team will study what else can be done in this direction.

Twitter Crypto will take care of everything related to Web 3 and will work closely with the BlueSky initiative; aimed at decentralizing social networks, Rinearson added. Consequently, a new division, which refers to the platform’s community of crypto users, will be hiring more engineers and product developers.

Twitter’s tipping jar

Recall that earlier in September, Twitter officially introduced Cryptocurrency tipping available to all users. Twitter’s tipping jar welcomes cryptocurrency options, permitting any user to pay using the platform.

In fact, BTC tips can be sent via the Lightning Network through the Strike app. Or by simply adding a BTC address to one’s profile.

Users are able to receive funds by linking third-party apps like Cash App, Patreon. As well as Venmo, Chipper, Bandcamp, Razorpay, GoFundMe, PicPay; and Wealthsimple Cash to their Twitter biographies and individual Tweets, depending on their location.

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