Wed. Dec 1st, 2021

Twitter has founded a dedicated crypto team. Dubbed Twitter Crypto, the company describes the segment as “the center of excellence for everything in the blockchain.” It will “determine the future of crypto on Twitter (and),” the company said in a press release shared with Engadget.

There it is too Tess Rinerson has been hired To lead the effort. Rinearson joined Twitter, leading an engineering team at cryptocurrency startups such as Interchain, Tendermint and Chain. He will report to Twitter CTO Parag Agrawal, who will help determine the direction of the team.

As a first step, Twitter sees Renaissance’s team exploring three primary areas of interest. First, it will look at how companies can continue to support cryptocurrency as a way to pay creators. Related to this, it will explore how blockchain technologies can create an additional way for creators to earn a living. Finally, with help from , It will lead the company’s efforts to decentralize social media.

“There is a growing and growing interest among developers to use decentralized apps to manage virtual goods and currencies – Tess will focus here, a long-term goal of exploring how ideas from crypto can help us transcend identity, community and more.” With “Twitter says.

No wonder Twitter is getting more serious about crypto. It has recently started allowing users to send and receive . Where interest comes from is no secret. CEO Jack Dorsey has long been a vocal advocate of technology, especially in Square. Dorsey where the CEO of another company recently announced it . It is a building of “consideration” .

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