• Twitter is reportedly working on a new feature that will allow users to support content creators with a small fee.
• The feature will be powered by payment giant Stripe, thus allowing Twitter to diversify its revenue.
• Elon Musk and his development team are expected to give blockchain technology and the crypto market a bigger role on the social media platform.
Twitter Inc., the social media platform owned by billionaire Elon Musk, is reportedly preparing to launch a new feature that will allow users to support content creators of their choice by paying a small fee. This new feature, which will be powered by payment giant Stripe, could provide a much needed boost to the platform’s revenue, which has suffered from a slump in advertising.
The new “Coins” feature will enable Twitter users to purchase coins that can be used to support content creators and reward them for creating original and engaging content. This will add to the existing range of features, such as Twitter Blue, that have already been released in the past few months. Twitter Blue is a subscription service that gives users access to exclusive content and features, but the reception has not been overwhelming.
As well as the Coins feature, Musk and his team of developers are preparing to give blockchain technology and the crypto market a much bigger role on the platform. This will involve allowing Twitter users to search for up-to-date price information, as well as providing a more secure and reliable way of making payments.
The new feature is expected to transform Twitter into the everything app Musk envisioned when he acquired the company last year. It could also help to fuel the platform’s usage, as well as providing a new way for Twitter users to monetize their content and encourage creativity.
Overall, the new Coins feature could be a game changer for Twitter, allowing it to diversify its revenue and boost its user base. It remains to be seen how the feature will be received, but it could be the beginning of an exciting new era for the platform.