Elon Musk, a staunch vocal proponent of the crypto sector, is integrating more features to cater to the crypto community thriving on the microblogging platform. Twitter can now show the prices and market movement trajectory for cryptocurrencies by simply searching their name. To begin with, Bitcoin and Ether have been chosen as the first two cryptocurrencies, whose prices are retrieved when their name is typed into the Twitter search bar, next to the “$” sign.
The feature, called “$Cashtags,” is intended to make Twitter more financially reliable. As cryptocurrencies have grown into investment tools around the world, it’s not entirely surprising that they’re being included alongside traditional financial assets, information about which also pops up via a Twitter search.
“If you tweet the symbol of a major stock, ETF, or cryptocurrency with a $ in front (such as $BTC), people on Twitter will see a clickable link that takes them to the search results. As of today, these search results include the price charts for the major symbols. You can also search for symbols directly, without clicking a link in a Tweet. Most symbols with and without the $ sign will work in search,” Twitter Business official handle posted the announcement.
Musk, who completed the acquisition of Twitter in October this year, congratulated the team on executing the new change.
The screenshots of the feature shared on Twitter show that people can also access crypto prices on Robinhood.
In the coming weeks, Twitter has promised to improve the feature and include more crypto symbols along with BTC and ETH as part of its Cashtags.
Earlier in November, Musk revealed that his “Twitter 2.0” plans include introducing crypto payments to the platform.
In recent weeks, speculation has suggested that Twitter could be working on launching its own crypto token.
This crypto token, which may be called ‘Twitter Coin’, can be used to facilitate payments on the platform.