Twitter is launching a dedicated crypto team, which is part of its emphasis on decentralization.
Twitter is creating a new division for the “blockchain of all things on Twitter”, called Twitter Corruption, and has hired Tess Rennerson as the team’s engineering lead to “the future of corruption on Twitter.” We can work out a strategy for that, “the company said. In a release on Wednesday.
“First, we will explore how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies and support their work and communities.” It can be done. ” Rinearson said on Twitter. “Looking ahead, we will explore how the ideas of corrupt communities can help us push the boundaries of what is possible with identity, community, ownership and more.” He added that his team would work with Blossky, an independent Twitter-funded decentralized social network.
The company said Rinearson would work under Twitter’s chief technology officer, Parag Agarwal, and that his hiring team would help push Twitter towards decentralization of social media. The company says there is “widespread and growing interest among creators to use decentralized apps to manage virtual goods and currencies,” and Rinearson will focus on these issues, “for a long time. With the goal of discovering how ideas from crypto can help us. The boundaries of what is possible with identity, community and more. “
In September, Twitter announced that it was enabling creators to tip bitcoins on its platform, and the company said it would seek out corrupt payments for other features, such as its ticketed venues. “Not everyone wants or is able to accept. Traditional currencies,” the company said.
Twitter CEO Jack Dorsey, who is also the CEO of financial services firm Square, has been a vocal supporter of the cryptocurrency, bitcoin in particular. He showed the Bitcoin clock while testifying before Congress in March and opened a new Bitcoin business unit called TBD for Square in July.