Some Twitter users can now buy Twitter Coins via Stripe Some Twitter users can now buy Twitter Coins via Stripe
A few Twitter users have reported being able to buy 150 Twitter coins for $1.99 from Feb. 22. The tokens can be used to reward Tweets.
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Updated: Feb. 23, 2023 at 9:47 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Twitter seems to have started the beta rollout of its Twitter Coins to certain users. A few Twitter users reported being able to buy Twitter Coins since Feb. 22. Rumors of Twitter releasing its own token started circulating in December 2022.
Twitter user who goes by ‘Tree of Alpha’ said a pack of 150 Twitter Coins priced at $1.99 became available for purchase on Wednesday. The only available payment method is Stripe, the user added.
CEO of IBC Group Mario Nawfal previously said that Twitter Coins, when launched, would allow users to reward Tweets.
App researcher Nima Owji posted a screenshot of Twitter’s explanation of its native token. According to Twitter, its coins are “virtual goods.” It noted, “As you receive coins they accumulate into Diamonds, which can be cashed out.”
Twitter said that its tokens will allow content creators to be rewarded by their fans and audience, and create a channel of passive income.
However, head analyst at Blockware Joe Burnett noted that Twitter rival Nostr’s zaps are “1,000x better than Twitter Coins.” Nostr is a decentralized social media platform where zaps signify micropayments made using Bitcoin’s Lightning Network.
Burnett added:
“Twitter should become a Nostr client ASAP if they wish to remain relevant for the remainder of the 21st century.”
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Monika Ghosh
In 2020, Monika immersed herself in crypto, maintaining skepticism yet firmly believing blockchain could address key issues like financial disparity and transparency. A book-lover, she's also a passionate food enthusiast.
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