Users Can Now Transfer Crypto on Twitter and Facebook
Mask Network has announced that it will make crypto transactions possible on social media platforms through a third-party plugin. Users will be able to send crypto, swap tokens, and borrow funds this way.
In a blog post from the project, the developers reveal that Mask Network has now launched a crypto trading widget for social media users.
Mask Network Integrates Facebook and Twitter
With Mask Network’s plugin, crypto users will be able to send payments, exchange cryptocurrency, borrow, follow other traders, buy from token sales, bet in prediction markets, and use numerous portfolio analysis tools.
The company currently offers Facebook and Twitter integration, made possible by two services: Uniswap and CoinMarketCap. This function can be accessed via web browser plugins – available for Google Chrome and Firefox – or a mobile app for both Android and iOS.
Future versions of the app will back up Facebook and a full suite of DeFi apps, as per Mask Network. Data transfers and content monetization are also under works and will be released soon.
Suji Yan, a co-founder of Mask Network, said: “We’re here to empower a decentralized alliance, including NFTs, DeFi, DAOs, decentralized storage, Layer 2, and other subsections of crypto. Our ultimate goal is to create the bridge and dilute/migrate the value away from centralized platforms.”
Ethereum creator Vitalik Buterin endorsed the application earlier in 2020 by retweeting the company’s promotional campaign.
— vitalik.eth (@VitalikButerin) January 26, 2020
Crypto On Social Media
Mask Network is not the first project to support crypto payments through social media. Other applications, including DropBit, iPayYou, Tippin.me, Lite.im, Cointext and QuickCoin have all aimed at the same outcome. The crypto-enabled browser Brave also makes Twitter tipping available as well.
There is a bit of first-party support for cryptocurrency on most social media platforms, although Twitter has no clear plans to make cryptocurrency payments possible, and Facebook’s plans for its Libra coin are advancing slowly. Telegram, meanwhile, has put a stop to its TON blockchain project.
However, the market for third-party crypto plugins is definitely open.
Vitaly Dmitriyevich "Vitalik" Buterin is the co-founder of Ethereum, the world's most popular smart contract platform that enables developers to build decentralized applications (at the time of wirting this, ETH has a market cap pf $2B). Prior to his development of Ethereum, Buterin was the co-founder of Bitcoin Magazine.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.