Twitter announced a new feature called “Cashtags” on Thursday, which includes price charts for major cryptocurrencies and stock assets. Elon Musk, the new owner of Twitter and a tech millionaire, offered a feature built exclusively for the financial industry, with a particular advantage for traders, financial specialists, investors, and organizations.
$Cashtags allows users to view graphs, charts, and other data from stocks, cryptocurrencies, and exchange-traded funds (ETFs) within a tweet.
According to the official Twitter Business account:
When you Tweet the symbol of a major stock, ETF, or cryptocurrency with a $ in front of it (like $BTC), people on Twitter see a clickable link that takes them to search results. Starting today, these search results will include the pricing graphs for major symbols.
It went on to say:
You can also search for symbols directly, without clicking on a link within a Tweet. Most symbols with and without the $ sign will work in search (QQQ or $QQQ).
Users can enable the new option by clicking on $BTC and $ETH, or by searching for any crypto asset. Users can access the wallet provider by clicking on the ‘View on Robinhood’ link. The addition of a link to Robinhood may indicate a potential relationship between the two companies, although no official announcement has been made.
Elon Musk congratulated the Twitter team and stated that this is “only one of many product improvements coming to financial Twitter!”
Musk has previously stated that his crypto holdings consist of only Bitcoin, Ethereum, and Dogecoin (DOGE), and Doge holders have been eagerly expecting the announcement of a payments connection since his takeover of Twitter. However, the digital tycoon announced his resignation as Twitter’s CEO, and Dogecoin has inevitably responded unfavorably in the market after outperforming the market in November, not long after Tesla CEO Elon Musk acquired Twitter for $44 billion in October.
In September, a complaint was also filed alleging Musk of running a pyramid scheme to fund DOGE.
