Twitter, the social media platform, has added a new crypto feature that enables users to search the price of Bitcoin (BTC) and Ether (ETH) simply by typing their names or tickers into the search tab.
It has been reported that the new feature is an improvement of "$Cashtags" and was announced by the Twitter Business account on December 21. The account noted that whenever one tweets the symbol of a major stock, exchange-traded fund or cryptocurrency with $ in front of it, people will be able to see a clickable link that takes them to search results that now will include the pricing graphs for those symbols.
However, simply searching for the ticker symbol, whether for a stock or crypto, will also bring up the price graph. Shortly after that, on December 22, Twitter CEO Elon Musk retweeted the announcement of the new feature, stating that it is "one of many product improvements coming to financial Twitter."
The report said that it appears that BTC and ETH are the only two cryptocurrencies with price charts at the time of writing. Other top cryptocurrencies, including Musk’s beloved Dogecoin, have not made the cut.
Users are brought to Robinhood’s price chart for ETH, which provides an additional link below stating “Sign Up to Buy Ethereum.” The same links are provided for Bitcoin too. Twitter’s price chart integration may arguably lead to more traffic to Robinhood, as #Bitcoin alone is tweeted roughly 120,000 times per day, according to data from BitInfoCharts. #Ethereum on the other hand hovers at around the 25,000 range.
Thus, earlier this month, rumors began to circulate that Twitter may create its own native cryptocurrency, “Twitter Coin” to be used for payments on the platform. The rumors began on December 4, about a week after Musk shared a glimpse into what “Twitter 2.0” may look like, including the possible integration of cryptocurrency-based payments on Twitter.
Source: Cointelegraph