The New Twitter Crypto Division Opens Up A Few Questions. Here’s What We Know

What does Jack Dorsey think about Twitter’s crypto team? That’s the question. The new Twitter Crypto division was created without much fanfare, or any official announcement. They’ll cover cryptocurrencies and blockchain-related matters New hire Tess Rinearson took to – where else? – Twitter to broadcast her new position and the direction that her leadership will take the company. “We’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” Rinearson said.

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Tess herself Through her websiteShe gets us up-to-speed:

“Most recently, I worked at the Interchain Foundation, where as VP of Engineering I led teams building open-source infrastructure for many leading blockchain networks, including Cosmos. Among other things, these teams were responsible for Tendermint Core, a popular proof-of-stake consensus engine, and the Inter-Blockchain Communication Protocol, a leading interoperability standard.”

Twitter Price chart for 11/11/2021 - TradingView

Chart of Twitter prices on FTX | Source:

What are our knowledge about Twitter’s Crypto Division?

Not much, because Twitter Crypto’s creation didn’t make the company’s blog. The team will work directly under Parag Agrawal, Twitter’s CTO. And they’re currently “For roles in product and engineering, we are looking for candidates.” According to Rinearson, Twitter Crypto will focus “on crypto, blockchains, and other decentralized technologies—including and going beyond cryptocurrencies.”

Rinearson identified three areas that need to be addressed in her thread for Twitter Crypto. 

  1. First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.
  2. Looking farther ahead, we’ll be exploring how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.
  3. And, of course, we’ll be working closely with the Bluesky team to help shape the future of decentralized social media.

Twitter Crypto’s focus will be on Web3, DeFi smart contracts and integration with Twitter Crypto. This brought all the projects and marketing teams under Tess Rinearson to pitch every tweet.

This leads us back to the original question.

Jack Dorsey’s thoughts on the Twitter Crypto Division

It’s no secret that Dorsey is a Bitcoin maximalist of the highest order. His belief is that Bitcoin has been the greatest invention we have ever seen. According to him, Bitcoin is the greatest invention of our lifetime. Bitcoin conference in Dorsey, 2021 said  “All of the other coins, for me, don’t factor in at all.” However, even though Twitter enabled tips over the Lightning Network, the company’s actions don’t exactly match Jack Dorsey’s words. 

On the one hand, Dorsey’s talking about building a better world through Bitcoin and denouncing the rising inflation. Twitter has been censoring and adding fake disclaimers to people’s accounts, as well deplatforming those who disagree with the official narrative. The CEO may not be in complete control of the company that he has created. This makes perfect sense when you think about all that social media platforms make. All the people and interests behind that make it possible for the machine to continue moving.

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This is further evidenced by the creation of Twitter’s Crypto division. While it’s true that Jack Dorsey as a person wouldn’t consider other blockchains, the company he represents is clearly moving in that direction. However, it’s also true that the new team’s creation didn’t make Twitter’s official announcement channels. So, what’s really going on here? Are Altcoin-related waters being tested by Twitter? 

Let’s follow Tess RinearsonFind out more.

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