Twitter forms blockchain and cryptocurrency division

The social network Twitter has formed a specialized team to develop solutions in blockchain, cryptocurrencies, decentralized applications and DeFi.

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Tess Rinearson has been named head of the Twitter Crypto division. She previously helped develop the Tendermint Core protocol and worked on the Chain.com and Cosmos projects.

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“I’m pleased to announce that I’ve joined Twitter to lead a new team focused on cryptography, blockchains and other decentralized technologies, including cryptocurrencies and beyond,” wrote Rinearson.

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According to Financial Times, the division’s priorities will be payments, ways for content creators to earn cryptocurrency, and network decentralisation.

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Rinearson noted that the social network has already allowed accepting donations in Bitcoin and announced NFT-identification. According to her, the team will explore what else can be done in this direction.

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Twitter Crypto will handle all things Web 3 and will work closely with the BlueSky initiative, which aims to decentralise social networks, Rinearson added.

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Earlier, Ethereum co-founder Vitalik Buterin questioned the prospects of Twitter’s and Facebook’s cryptocurrency projects.