Key facts:
- Twitter will expand the utility of “cashtags” through a partnership with eToro.
- From Twitter, eToro will be accessible to invest in cryptocurrencies.
The company eToro, which offers trading with multiple assets, including cryptocurrencies, announced on April 13 that it has established a commercial agreement with the social network Twitter. As announced, this alliance will allow from this day on the social network to see the prices in real time of a wide variety of assets through “cashtags” and access to invest in them.
In this way, the association comes to expand the number of cashtags that currently exist on the platform. This feature allows users to search for asset prices in real-time by typing their symbol with a dollar sign in front of it. For example, in the case of bitcoin it is $BTC.
Until now, the cashtags feature was thanks to a partnership that Twitter had formed with the price explorer TradingView. Therefore, it is unknown if from now on the data offered by this company or only those of eToro will continue to be seen.
The alliance will also allow Twitter users to click on quotes to be redirected to eToro. And there they will be able to access to buy, sell or make different types of investments in cryptocurrencies, shares and index funds.
Currently, eToro, which was founded in 2007 in Israel, has more than 32 million users globally. And it is one of the wide variety of platforms on the market to expose yourself to the volatility of the prices of bitcoin and other cryptocurrencies.
This initiative comes two weeks after Twitter, as reported by Market Times, added the Dogecoin (DOGE) memecoin logo for a few days on its main page, which boosted the price of that cryptocurrency.
