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12/5/2022 | CoinGape

Breaking: Elon Musk’s Twitter To Reportedly Launch “Twitter Coin”

Breaking: Elon Musk’s Twitter To Reportedly Launch “Twitter Coin”

Elon Musk is reportedly working on monetization tools and "Twitter Coin", but it's relations to Dogecoin (DOGE) remains unclear.

Twitter is reportedly working on monetization tools and “Twitter Coin”. App researchers Nima Owji and Jane Manchun Wong revealed the “Coins” section in hidden “Tips” settings on Twitter. Elon Musk earlier hinted at implementing Dogecoin (DOGE) for Twitter payments.

However, it’s unclear whether Dogecoin or other cryptocurrencies will be used for the new rumored coin. Dogecoin price skyrocketed almost 6% after the news, hitting a high of $0.111.

Jane Manchun Wong also revealed instructions for enabling the feature and checking the changes. Moreover, the code doesn’t clearly state what “Twitter Tips” and “Twitter Coin” are or mentioned whether it’s related to Musk’s favorite meme coin DOGE.

Is Elon Musk Really Working On Twitter Coin?

Twitter CEO Elon Musk has confirmed working on introducing payments accepting fiat and cryptocurrencies. Moreover, Musk has several times hinted at integrating Dogecoin into Twitter after he took over the social media giant. Despite recent rumors of “Twitter Coin” and being active on Twitter, Elon Musk hasn’t confirmed the news yet.

Moreover, Jane Manchun Wong deleted her Twitter account immediately after tweeting about Twitter Coin and DOGE rallying over 6%. Some claim she has totally disappeared from the internet including Discord, Instagram, Reddit, LinkedIn, Twitter, Facebook, etc.

Elon Musk has been working on bringing back some accounts banned by Twitter. Musk has lifted bans from a dozen Dogecoin-tweeting accounts in the last week. He has also remained bullish on Dogecoin saying “Dogecoin to the Moon”.

Dogecoin price after rising 6% within an hour has fallen to $0.1062. DOGE price is up nearly 3% in the last 24 hours and 13% in a week.

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