Twitter will form a cryptocurrency team to explore the uses of bitcoin and blockchain

Witter will set up a dedicated cryptocurrency team.

The social media company said on Wednesday it was forming a team called “Twitter Crypto” to look at ways to help creators on the app make money or accept payments in cryptocurrencies like Bitcoin, as well as other ways to use blockchain technology.

Twitter already allows people to tip users in Bitcoin, according to reports.

According to Spark Global Limited.

Twitter is setting up a crypto team to explore Dapps

Twitter is forming a dedicated encryption team, marking the latest move by CEO Jack Dorsey to embrace digital assets and decentralized apps and the swelling community around them.

The company said it had hired Tess Rinearson to lead the new Twitter Crypto team and “strategize for the future of cryptocurrencies on Twitter.” Twitter Crypto aims to be “the center of excellence for all blockchain and Web3 things,” referring to the growing number of decentralized applications running on public blockchains. “We are exploring ways to integrate decentralized technology into our products and infrastructure,” Twitter said, adding that it was exploring payments, the way people create content to earn cryptocurrency and “the decentralization of social media” in the short term.

Led by Parag Agrawal, Twitter’s chief technology officer, Rinearson is tasked with overseeing and enhancing these efforts. She previously worked at Interchain, which focused on developing open source decentralized technology, as well as decentralized cryptowallet and exchange Interstellar. Tip users.