Partnership with eToro to expand search functions for Twitter, virtual currency, etc.

Expand financial functions such as virtual currency

Social investment platform “eToro” announced on the 13th that it has signed a partnership with SNS Twitter.

Currently, Twitter allows users to search and refer to prices and charts of crypto assets (virtual currencies) and stocks, but with this partnership, the range of supported assets will be expanded. Once the price is displayed, it is possible to move from there to the eToro platform for trading.

Twitter uses a search function called “$Cashtags”. For example, combining “$” with the ticker symbol and searching “$BTC” on Twitter will bring up Bitcoin (BTC) prices and charts. From there you can also transition to the eToro or TradingView screens.

In addition, at the time of writing this article, it seems that the price of Ethereum (ETH) will not be displayed even if you search for “$ ETH”, for example. It seems that there were times when the price of Bitcoin was not displayed, and an eToro representative explained to “Decrypt” that the current situation was understood. He said that he wanted to confirm with Twitter and make it possible to display it as soon as possible.

Elon Musk, who leads the development and operation of Twitter, has indicated that he wants to make Twitter a “super (universal) app” by installing payment functions.

Earlier this month, court documents revealed that Twitter had merged with Musk’s X Corporation. In October last year, he said, “With the acquisition of Twitter, we will accelerate the construction of universal application ‘X’.” In the past, it has been reported that Twitter may introduce a virtual currency payment function.

Buying Twitter is an accelerant to creating X, the everything app

— Elon Musk (@elonmusk) October 4, 2022

connection: Twitter introduces virtual currency payment function = news

Current state of the $Cashtags feature

According to eToro’s announcement, Twitter will allow price data to be displayed in $Cashtags in December 2022. After that, this function became popular, and it is said that it has been used for more than 420 million searches since its launch. After concluding the partnership, we will increase the corresponding assets.

In today’s announcement, eToro lists three examples of the most used $Cashtags:

• $TSLA (stock of Tesla Inc.)
• $SPY (SPDR S&P 500 ETF)
• $BTC

eToro CEO Yoni Assia commented:

With this partnership, eToro said it hopes to expand financial education.

connection: Will Twitter continue to develop its own currency “Coin”?

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