Twitter is launching a new initiative focused on embracing the cryptocurrency market, the Financial Times has learned. According to Tess Rinearson, who will lead the so-called Twitter Crypto team, the arm is working on the strategy "for the future of crypto at (and on) Twitter."
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A spokesperson for Twitter said the social media giant is exploring ways to "incorporate decentralized technologies into our products and infrastructure." In the short term, the team is exploring payments and other options for people creating content to "earn crypto." Other details about the initiative remain undisclosed.
The announcement comes after the San Francisco-based company allowed its users to tip each other with bitcoin (EXANTE: Bitcoin) via Strike – a payments application built on the Bitcoin Lightning Network. Users will have to sign up for a Strike account and add their Strike username to receive bitcoin tips over the Lightning Network. Twitter says users can use "any wallet" which supports the Lightning Network.
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