Is Elon Musk's Twitter 'Working On Coins?' What We Know

Elon Musk's Twitter is working on Twitter Coins, but it is not yet clear if the feature will be similar to Meta Platforms Inc.'s META Facebook Stars or TikTok Coins, or if it's a part of the now paused cryptocurrency wallet

What Happened: Social media developer Nima Owji shared a screenshot on Twitter saying that the microblogging site is working on Twitter Coins. He further shared a logo of Twitter Coins, which appears almost similar to the iconic and highly coveted Twitter logo — but with a twist. 

See Also: Elon Musk' Not A Serious Person,' Twitter Co-Founder Says: 'Does Things For Sport'

A Twitter user also asked if the feature was similar to Dogecoin, to which Owji said  "who knows."

It's called Twitter Coins but who knows?! Maybe @BillyM2k

It is also likely that Twitter Coins are being introduced as a counterpart of Facebook Stars and TikTok Coins. Facebook Stars allows users to monetize their video and audio content, while TikTok Coins are the in-app currency of the video-sharing app. 

Read Next: Are You A Robot? Elon Musk's Twitter To Perform These Checks Before Unlocking All Features For Users

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyNewsSocial MediaMarketsTechMediaConsumer TechElon MuskFacebookTikToktwitter
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!