Twitter working on in-app currency 'Coins' to help creators earn

Twitter is reportedly working to launch its in-app currency ‘Coins’, which will help creators to make money on the micro-blogging platform. This new feature was spotted by app researchers Jane Manchun Wong and Nima Owji, who shared it on the micro-blogging platform on Tuesday.

The screenshot posted by both researchers mentioned, “Coins allow you to support creators who Tweet great content. Unused coins are kept in your balance.” Wrong wrote, “Twitter is working on Coins purchasing screen.” “Twitter is also working on a ‘Coins’ menu item that takes you to the purchase screen,” she added.

On the other hand, Owji said, “It seems to be an in-app currency to support the creators. I didn’t find anything that relates it to *crypto* currency.” Owji had also mentioned last month that the company was working on ‘Coins’.

However, it is still unclear when the platform will launch this new in-app feature. Meanwhile, Wong had earlier mentioned that the company was working on a new feature called ‘Tweet Awards.’ According to the image shared by Wong last week, users would be able to purchase gifts for one coin to 5,000 coins. It might be possible that Twitter would get a cut of revenue generated from coin purchases.

Meanwhile, Twitter will soon start selling usernames via online actions that have remained inactive in order to boost its revenues. According to The New York Times, engineers at the company are planning to organise online auctions where people can bid for usernames or Twitter handles.

It is still unclear how much Twitter will charge for selling inactive usernames. “The company has discussed selling some user names through online auctions, people with knowledge of the plans said,” according to the report. In December, Musk said in a tweet that Twitter would soon start freeing up 1.5 billion usernames.

–IANS