@#21 ... why is Twitter in "crypto" development ... do you know why? ...
What Twitter Is Really Planning for Crypto ) April 2022)
...You might have heard of crypto Twitter, the corner of the social network where accounts have Bored Apes as profile pictures, posts are rife with talk of tokens, blockchains, and buying the Bitcoin dip, and Elon Musk is venerated.
Then again, you might have heard of Twitter Crypto, the business unit devoted to developing the social network's strategy for cryptocurrency, blockchains, and that grab-bag of decentralized technologies falling under the rubric of Web3.The team's unveiling came in November 2021 via a tweet from the newly hired project lead, Tess Rinearson, a Berlin-based American computer scientist whose career includes stints at blockchain companies such as Tendermint and Interchain....
As crypto went mainstream globally and crypto Twitter burgeoned, the company tried to dominate the space. Under the stewardship of product manager Esther Crawford, in September 2021 Twitter introduced a "tipping" feature that helps creators on Twitter to receive Bitcoin contributions through Lightning"a network for fast Bitcoin payments. In January, Twitter allowed subscribers of Twitter's premium service, Twitter Blue, to flaunt their NFTs as hexagonal profile pictures, through a partnership with NFT marketplace OpenSea.
Twitter Crypto is just getting started. While Rinearson works with people all across the company, her team is still under 10 people, although more hires are in the pipeline, judging from recent job postings. So it's worth asking what is next. I caught up over a video call with Rinearson and Crawford to talk about where Twitter Crypto is headed....
That's why Twitter was in crypto development.
Crypto is more than things like BitCoin and the FTX super-fiasco.
Indeed, the various stock exchanges are looking to crypto to assist in trade settlements.
U.S. SEC approves new U.S. exchange with blockchain feed, faster settlement (January 2022)
...The U.S. Securities and Exchange Commission (SEC) late on Thursday approved the country's 17th stock exchange, a subsidiary of Boston-based BOX Exchange, which will incorporate blockchain technology.
The new exchange, named BSTX, aims to launch in the second quarter, said Jay Fraser, a director. It will initially trade securities, such as stocks or exchange-traded funds, first listed on its exchange, but those securities would be tradable on rival bourses.
BSTX ultimately aims to expand trading to all U.S. stocks and potentially tokenized securities, Fraser said. Stock tokens are digital versions of equities pegged to the underlying share, usually traded in fractional units....