Lately, the issue of cryptocurrencies (also known as digital currencies), has given much to talk about, from incalculable transactions to abrupt drops in value, with millions of dollars in losses. However, despite the great risk involved in participating in this market, the social network Twitter is convinced that it is the future and has announced its official entry into the business.
After what Jack dorsey gave his approval in another of his companies, to start working with cryptocurrencies, the manager recently announced the acceptance of this payment method on Twitter. Currently, the social network is creating a team that masters the subject of digital currencies, in addition to managing blockchain, even more complex issues that have to do directly with decentralized technology.
Who will be in charge?
Tess rinearson, a member of the board of Fundación Mina, which is building the world’s lightest blockchain protocol, will assume the direction of said project, thanks to his long history in blockchain issues.
According to reports from Tess herself via Twitter, she says that they go explore the whole concept of cryptocurrencies, He even asks for help from all the communities that know about the subject, among other words that he expressed, he made mention of what they will look for how this type of economy can help the social network.
Apart from cryptocurrencies doing something for Twitter, they also want the social network to do something for said economy, among tips of bitcoin up to NFT, mentions that there is still a long way to go on these issues.
Advance so far
At the moment, its first steps with this technology have begun to be implemented, all this in the tipping system that now accepts bitcoin, so that people dedicated to creating content can receive this type of virtual currency.
The way to use it is through the strike application, it is based on bitcoin and allows you to send and receive this type of currency quickly, easily and for free.
For now, it is only available in El Salvador and in the United States, with the exception of New York and Hawaii, El Salvador was taken into account because it already accepts this currency officially thanks to the decree of Nayib Bukele.
Last but not least, the social network has confirmed a new division called Twitter crypto, dedicated to the development of all these themes, supported by bluesky. This project will be free of development made in 2019, it seeks to create a completely decentralized standard and made for social networks, we will have to wait to see how this technology is developed in said social platform.