Twitter users, now X, can send crypto assets such as digital coins and NFTs to each other through their handles on the social network.
Web3 company Suku has teamed up with Polygon Labs to facilitate cryptocurrency and NFT token transactions via Twitter, using the Polygon Network's scalable blockchain. To make these transactions, Twitter users only need to use their social network identifiers.
The developers of the Web3 company, which focuses on payments and transactions with crypto assets through social networks, reported that their services have been enabled on Twitter as part of the celebration of the launch of Polygon 2.0, the new blockchain network powered by Zero Knowledge (ZK) technology that Polygon Labs is building for Unlocking the Internet's Value Layer and democratize access to the global economy through the web.
According to CoinDesk, although Elon Musk, owner of X, as the new Twitter has been named, is working to turn the social media company into a financial institution and the platform into a super app that enables payments, it seems that Polygon Labs and Suku have beaten him to it.
Suku CEO Yonathan Lapchik explained to the media that his app wants to simplifying access to cryptoassets, so Twitter users can easily access a wallet so they can send cryptocurrencies and NFTs directly to each other. According to Lapchik, Suku is making the crypto onboarding process “as simple as possible.”
Connecting social media with cryptocurrencies
Although Suku is making its debut on Twitter, its CEO explained that the goal of the Web3 app is to connect all existing Web2 social networks, such as Twitter, Facebook, Instagram, Reddit and LinkedIn, with cryptocurrencies in one place.
This way, users will not have to have a separate payment system for each of these social platforms and, at the same time, the cryptocurrency industry will expand even further, gaining new everyday and non-crypto Internet users who will be able to easily access this growing and innovative digital ecosystem.
Transactions via Twitter ID
The Web3 company explained in a release that Twitter users will be able to use their social network handle as a cryptocurrency address to receive digital currencies and NFT tokens.
As part of the launch of Polygon 2.0, both companies released a collection of open-edition NFTs that managed to attract millions of users. According to data shared by the Web3 company, more than 50.000 NFTs were minted exclusively through tweets in just 48 hours.
Lapchik said his company is redefining the ability to mint and manage NFTs, simplifying both processes by combining a scalable blockchain network like Polygon Network and popular platforms like Twitter.
In addition to Twitter, Telegram users have also been able to accept cryptocurrency payments on the messaging platform since mid-month, through Wallet, a crypto service provider that uses The Open Network blockchain.
Continue reading: Polygon presents POL, a 3rd generation token to unlock the value of the Internet
