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Elon Musk has brought the recent achievements of Twitter and further the roadmap of Twitter 2.0. On 27th November 2022, Musk shared quite optimistic data and future outlook of the social media platform. The slides consisted of new users signups and user active minutes reaching their all time high. Meanwhile the updates on Twitter 2.0 are likely to bring new angles in existing features.
Twitter 2.0—the everything app—would bring enhanced advertising facility, video options, longform tweets, blue verification, encrypted direct messages (DMs) and payments options too. All these features have the capability to bring the social media platform unprecedented advantages.
The speculations started following the announcement about the potential collaborations and leveraging other platforms.
Blogger Shared Twitter 2.0 Messaging Insights
Popular tech blogger Jane Manchun Wong shared such an insight related to encrypted direct messages functionality over Twitter. There are high chances, according to Wong, that Twitter will integrate popular Signal Protocol for encrypted messaging.
To support her claim, the blogger also shared valid proof in form of Twitter iOS app’s code screenshots. There it could be clearly seen that the code had the references of Signal Protocol.
source – Jane Manchun Wong
This could have been seen on the Twitter feed of Jane Manchun Wong, but by the time of writing, her social media handle got deleted. Wong’s deleting her account came in the wake of someone making a racist attack on her.
MobileCoin Enjoyed Significant Rally
Meanwhile, following this spread across the community, MobileCoin (MOB) token price witnessed a steep surge. It rose up to 300% in a day from 0.58 USD to 2.98 USD.
The tremendous jump in MOB price came in the wake of relation between Signal Protocol and MobileCoin. In August 2021, the former leveraged the latter as a payment option. Moreover, founder of Signal, Moxie Marlinspike acting as MobileCoin’s advisor.
Furthermore, MOB was not the only crypto asset that enjoyed good omen following the Twitter 2.0 update. Citing the new payments option soon to be deployed over the platform, crypto community enthusiasts got excited thinking crypto is likely to be added as a payment option.
Two most popular candidates were touted as Bitocin (BTC) and Dogecoin (DOGE). And given their possibility, both crypto assets have seen a surge in their trading pieces following the announcement. However, there was no clear indication if the payment options were going to add crypto, specifically BTC or DOGE.
The Dogecoin community got too excited after the news and confident about DOGE adding as payment option on Twitter. This resulted in a momentary pump in price resulting in over 19% jump in DOGE price for about an hour.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
