More details emerge on Twitter Coins and cryptocurrencies are not included

References to cryptographic or blockchain technology are nowhere to be found in the newly leaked images regarding ‘Twitter Coins’, the platform’s secret digital asset under development.

First leaked in early December by tech bloggers Jane Manchun Wong and Nima Owji, many hoped that the secret ‘Twitter Coins’ project involved cryptocurrency in some way.

Members of the Dogecoin (DOGE) community have been particularly hopeful given Twitter CEO Musk’s affiliation with the token. In a Dec. 4 Twitter Spaces when Musk said he is still interested in integrating cryptocurrencies with the social media platform.

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However, new leaked images of the project’s development shared by Wong and Owji on Jan. 10 are devoid of any mention of crypto or blockchain technology.

Owji noted in a Twitter post that so far no leaks have provided any indication that crypto will be involved in Twitter Coins:

“It appears to be an in-app currency to support creators. I haven’t found anything linking it to *crypto* currency.”

The leaked images instead shed more light on the planned uses of the in-app digital currency.

One of the images is a screenshot of the purported Twitter Coins buy splash page, which explains that the in-app currency will allow users to “support creators who tweet great content.”

This appears to be in reference to the platform’s ‘Twitter Awards’ which was also leaked by Manchun Wong a week earlier on January 5th.

According to a Twitter send by Wong, prizes such as “Mind Blown”, “Bravo” and “Super Like” can be sent to content creators on the platform, for a cost denominated in Twitter Coins.

Screenshot of the Twitter Awards list. Source: Jane Manchun Wong su Chirping

The feature bears similarities to Reddit’s tips and rewards system, in which Redditors use “Reddit Coins” to send rewards to other users who post a post, comment, or live video broadcast they liked.

Related: Twitter data breach: a hacker has given away the private information of 200 million users

Buying Twitter Coins will also not result in crypto payments at this stage. According to Wong, the purchase of Twitter’s digital currency will be enabled via fiat using Stripe.

Stripe is a fiat-based payment processing platform that allows merchants to accept credit and debit cards, wire transfers, and cash vouchers.

However, that’s not to say that cryptocurrencies may ultimately not play a part in the equation.

On April 22, 2022, Stripe announced that it has begun supporting payments to select Twitter content creators in USD Coin (USDC) with payments occurring on the Polygon network.