{"id":507669,"date":"2022-10-24T20:31:48","date_gmt":"2022-10-24T20:31:48","guid":{"rendered":"https:\/\/wncen.com\/?p=507669"},"modified":"2024-06-11T14:27:55","modified_gmt":"2024-06-11T14:27:55","slug":"twitter-working-on-its-own-crypto-wallet-prototype","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/twitter-working-on-its-own-crypto-wallet-prototype\/","title":{"rendered":"Twitter Working On Its Own Crypto Wallet Prototype"},"content":{"rendered":"

Software engineer Jane Manchun Wong, famous for her reports<\/a> on to-be-launch tech features, claimed that Twitter would implement its own crypto wallet. Currently, the project is under development, and the team behind the feature is still working on a prototype.\u00a0<\/span><\/strong><\/p>\n

Related Reading: Altcoin Exchange Dominance Rises To 50%, What Does It Mean For Bitcoin?<\/a><\/div>\n

According to Manchun Wong, the crypto wallet will enable users to deposit and withdraw their funds without relying on third-party services. At the time of writing, there is no official announcement or statement from the company, only unofficial reports.\u00a0<\/span><\/p>\n

\n

Twitter is working on a \u201cwallet prototype\u201d that supports \u201ccrypto deposit and withdrawal\u201d<\/p>\n

\u2014 Jane Manchun Wong (@wongmjane) October 24, 2022<\/a>\u00a0<\/span><\/p><\/blockquote>\n

Twitter\u2019s Crypto Wallet Prototype Only The Beginning?<\/h2>\n

The Jack Dorsey-founded social media has been one of the most crypto-friendly platforms, alongside Instagram and Reddit. Under Dorsey\u2019s leadership, the company launched several features allowing users to link their crypto wallets to their profiles.\u00a0<\/span><\/p>\n

However, this feature requires that users create and manage their own wallets and addresses. The feature was initially compatible with Bitcoin. Later, Twitter extended the feature to Ethereum addresses and non-fungible tokens (NFTs).\u00a0<\/span><\/p>\n

\"Ethereum
ETH’s price moving sideways on the 4-hour chart. Source: ETHUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Until now, there were no reports of a native Twitter crypto wallet. If implemented, the process of sending and receiving tips, and using the NFT profile picture feature, could be much easier for the users. They won\u2019t need to link or manage an external wallet.\u00a0<\/span><\/p>\n

The social media platform continues to improve its crypto features after the change in management. The company\u2019s founder Jack Dorsey left his role appointing Parag Agrawal as CEO.\u00a0<\/span><\/p>\n

In addition to a crypto wallet feature, there is a separate division called \u201cBluesky.\u201d The team behind this project is working on a social media solution as a \u201csocial protocol.\u201d In that way, these platforms will be able to operate beyond the structure of a traditional company. They will adopt the values akin to Bitcoin and cryptocurrencies of transparency and decentralization.\u00a0<\/span><\/p>\n

In that sense, the protocol might give more power to social media users allowing them to choose the services they want to operate with, control the algorithms running them, and even their performance.\u00a0<\/span><\/p>\n

\n

What\u2019s a \u201cfederated\u201d network? It\u2019s a way for servers to communicate with each other \u2013 like email. Instead of one site running the network, you can have many sites. Users get a choice of provider, and individuals and businesses can self-host if they want.<\/p>\n

\u2014 bluesky (@bluesky) October 18, 2022<\/a>\u00a0<\/span><\/p><\/blockquote>\n

Related Reading: Can Bitcoin Bring An End To Crypto Winter? | BTCUSD Analysis October 24, 2022<\/a><\/div>\n

Although Twitter and Bluesky operate as separate entities, they were both founded by Dorsey to take social media to the future, to a period where crypto wallets might become the new normal in the form of social protocols.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Software engineer Jane Manchun Wong, famous for her reports on to-be-launch tech features, claimed that Twitter would implement its own crypto wallet. Currently, the project is under development, and the team behind the feature is still working on a prototype.\u00a0 Related Reading: Altcoin Exchange Dominance Rises To 50%, What Does It Mean For Bitcoin? According to Manchun Wong, the crypto wallet will enable users to deposit and withdraw their funds without relying on third-party services. At the time of writing, there is no official announcement or statement from the company, only unofficial reports.\u00a0 Twitter is working on a \u201cwallet prototype\u201d that supports \u201ccrypto deposit and withdrawal\u201d \u2014 Jane Manchun Wong (@wongmjane) October 24, 2022\u00a0 Twitter\u2019s Crypto Wallet Prototype Only The Beginning? The Jack Dorsey-founded social media has been one of the most crypto-friendly platforms, alongside Instagram and Reddit. Under Dorsey\u2019s leadership, the company launched several features allowing users to link their crypto wallets to their profiles.\u00a0 However, this feature requires that users create and manage their own wallets and addresses. The feature was initially compatible with Bitcoin. Later, Twitter extended the feature to Ethereum addresses and non-fungible tokens (NFTs).\u00a0 Until now, there were no reports of a native Twitter crypto wallet. If implemented, the process of sending and receiving tips, and using the NFT profile picture feature, could be much easier for the users. They won\u2019t need to link or manage an external wallet.\u00a0 The social media platform continues to improve its crypto features after the change in management. The company\u2019s founder Jack Dorsey left his role appointing Parag Agrawal as CEO.\u00a0 In addition to a crypto wallet feature, there is a separate division called \u201cBluesky.\u201d The team behind this project is working on a social media solution as a \u201csocial protocol.\u201d In that way, these platforms will be able to operate beyond the structure of a traditional company. They will adopt the values akin to Bitcoin and cryptocurrencies of transparency and decentralization.\u00a0 In that sense, the protocol might give more power to social media users allowing them to choose the services they want to operate with, control the algorithms running them, and even their performance.\u00a0 What\u2019s a \u201cfederated\u201d network? It\u2019s a way for servers to communicate with each other \u2013 like email. Instead of one site running the network, you can have many sites. Users get a choice of provider, and individuals and businesses can self-host if they want. \u2014 bluesky (@bluesky) October 18, 2022\u00a0 Related Reading: Can Bitcoin Bring An End To Crypto Winter? | BTCUSD Analysis October 24, 2022 Although Twitter and Bluesky operate as separate entities, they were both founded by Dorsey to take social media to the future, to a period where crypto wallets might become the new normal in the form of social protocols.\u00a0<\/p>\n","protected":false},"author":535,"featured_media":507671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790,6664],"class_list":["post-507669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nTwitter Working On Its Own 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Twitter Working On Its Own Crypto Wallet Prototype","url":"http:\/\/wncen.com\/news\/twitter-working-on-its-own-crypto-wallet-prototype\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/twitter-working-on-its-own-crypto-wallet-prototype\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Twitter-Bitcoin-Crypto-Wallet.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Twitter-Bitcoin-Crypto-Wallet.jpg?fit=904%2C631"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt","crypto"],"dateCreated":"2022-10-24T20:31:48Z","datePublished":"2022-10-24T20:31:48Z","dateModified":"2024-06-11T14:27:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Twitter Working On Its Own Crypto Wallet Prototype\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/twitter-working-on-its-own-crypto-wallet-prototype\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/twitter-working-on-its-own-crypto-wallet-prototype\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Twitter-Bitcoin-Crypto-Wallet.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Twitter-Bitcoin-Crypto-Wallet.jpg?fit=904%2C631\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2022-10-24T20:31:48Z\",\"datePublished\":\"2022-10-24T20:31:48Z\",\"dateModified\":\"2024-06-11T14:27:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/Twitter-Bitcoin-Crypto-Wallet.jpg?fit=904%2C631","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/507669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=507669"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/507669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/507671"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=507669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=507669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=507669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}