Twitter could launch its crypto wallet in the future

Consistent with its push into the cryptocurrency and Web3 sector, Twitter seems to be developing a native cryptocurrency wallet behind the scenes. 

The news came from Jane Manchun Wong, a front-end developer and tech blogger famous on Twitter for discovering and announcing apps' new features before they launch. She does this by trawling through lines of app code and re-engineering them to understand it.

'Twitter is working on a 'wallet prototype' that supports 'crypto deposit and withdrawal,' she tweeted.

Little detail is available on Twitter's wallet, but Wong promised to disclose more information as soon as it becomes available. Meanwhile, the social media platform has yet to comment on Wong's tweet.

Twitter already has a payment system in place for its users. Last year, it launched a 'Tips' feature that allows users to add links to select third-party payment services to their Twitter profile. The feature also supports cryptocurrency, allowing users to post their Bitcoin and Ethereum wallets.

In the past year, Twitter has launched a few Web3-related initiatives, the most memorable of those allowing users to use their NFTs as profile pictures.

Facebook (now known as Meta), another social media giant, has previously tried to introduce a cryptocurrency wallet – first Libra, then Novi – which was abandoned months after launch for various reasons. If Twitter launches its wallet, all eyes will be on it, watching whether it can thrive where others failed.

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