April 25, 2024

Twitter will add cryptocurrency wallet for Bitcoin and NFT

Twitter will add cryptocurrency wallet for Bitcoin and NFT

Twitter co-founder and CEO Jack Dorsey is focused on Bitcoin and aims to make itthe currency of the Internet.

In pursuit of its intended mission, Twitter will activate the connection of each account on the platform to the Lightning wallet. The user-friendly Lightning solution will also be implemented in Bluesky.

Lightning Network is a second layer solution forscaling that speeds up bitcoin transactions and lowers costs by routing transactions through channels without having to rely on the first layer of the BTC blockchain to validate every transaction.

Dorsey launched a project to createthe decentralized social media standard Bluesky in December 2019. It took a long time, he said, as the team was doing some serious research.

As a result, the top manager promised that:

“Every Twitter account will have a wallet address to store NFTs. Users will be able to select any NFT in their wallet and use it as an avatar.”

Despite the fact that in part this move works to develop the Ethereum ecosystem, Dorsey will still "focus on the native currency for the Internet."

In his opinion, only Bitcoin meets his vision of decentralization and the ability to “fix the monetary system.”

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 FTX https://ftx.com 7.5
3 Bybit https://bybit.com 7.2
4 OKEx https://okex.com 7.1
5 Exmo https://exmo.me 6.9

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Platform capabilities- availability of additional features: futures, options, staking, NFT, etc.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Twitter will add cryptocurrency wallet for Bitcoin and NFT

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