Microblogging giant, Twitter is now launching a new dedicated crypto team for “all things blockchain at Twitter,” called Twitter Crypto, and has appointed Tess Rinearson as the team’s engineering head to “set the strategy for the future of crypto at (and on) Twitter,” the company announced in a release Wednesday.
“First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies and to support their work and communities,” Rinearson said on Twitter. “Looking farther ahead, we’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.”
The Dedicated Crypto Team Will be Working with Bluesky
She further added that her dedicated crypto team, Twitter Crypto would be operating closely with Bluesky, an independent Twitter-funded effort to build a decentralized social network standard. Rinearson will operate under Twitter chief technology officer Parag Agrawal, and their to-be-hired unit will assist drive Twitter’s push toward decentralizing social media, the company said.
Furthermore, the company says there is a huge and rising interest among creators to utilize decentralized applications to manage virtual goods and currencies, and Rinearson will be centered on those issues, “with a long duration goal of exploring how ideas from crypto can help us push the boundaries of what’s possible with identity, community and more.”
Crypto Payment Options for Ticketed Spaces
Along with this, back in September, Twitter announced that it was allowing creators on its platform to be tipped in Bitcoin, and the company says, through the dedicated crypto team, it will explore crypto payments for other features like its Ticketed Spaces, the firm said, as not all people want or are able to accept conventional currencies.
In addition to this, Twitter CEO Jack Dorsey, who is also CEO of financial services firm Square, has been a vocal proponent of cryptocurrency, Bitcoin in particular. He presented a Bitcoin clock while testifying before Congress in March and inaugurated a new Bitcoin business unit for Square called TBD in July.