Skip to main content

Twitter announces dedicated crypto team as company wants to invest in decentralized tech

In an unexpected and surprising move, Twitter announced on Wednesday a new team dedicated to working with crypto and blockchain. The company says it wants to “figure out what crypto can do for Twitter” and that it will invest even more in decentralized technology.

The announcement was first made on the social network by Tess Rinearson, who was recently hired by Twitter to lead the new team. Rinearson explains that while cryptocurrencies such as bitcoin and NFTs are becoming more relevant to Twitter, the company wants to go far beyond when it comes to decentralized technologies.

As I build out the team, we’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto. Twitter truly “gets” crypto (hello bitcoin tipping & NFTs!) but there’s so much more to explore here.

According to Rinearson, the company behind the social network will first explore how to support creators with interest in decentralized apps for managing virtual goods and currencies. Twitter’s new head of crypto also mentioned that the social network is open to feedback from users to learn about how the company can improve its platform in this segment.

It’s worth noting that this is not the first time Twitter has publicly confirmed that it is working to support cryptocurrencies. Back in September, Twitter product head Kayvon Beykpour corroborated a rumor about the company implementing Bitcoin transactions in Twitter’s Tip Jar. At the same time, Twitter CEO Jack Dorsey is openly supportive of Bitcoin and other cryptocurrencies.

It’s unclear when Twitter’s first crypto and blockchain-related projects will be officially announced, but we will probably learn more about them really soon.

Read also:

FTC: We use income earning auto affiliate links. More.

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

Comments

Author

Avatar for Filipe Espósito Filipe Espósito

Filipe Espósito is a Brazilian tech Journalist who started covering Apple news on iHelp BR with some exclusive scoops — including the reveal of the new Apple Watch Series 5 models in titanium and ceramic. He joined 9to5Mac to share even more tech news around the world.

Manage push notifications

notification icon
We would like to show you notifications for the latest news and updates.
notification icon
You are subscribed to notifications
notification icon
We would like to show you notifications for the latest news and updates.
notification icon
You are subscribed to notifications