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Verified Twitter users to pay $20 monthly for blue badge, Users react

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• Twitter users react to speculated $20 charge

Reports have emerged of a proposed $20 monthly charge to be imposed on Twitter users with verification badge under the new ownership of Elon Musk.

According to a Daily Mail report, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month.

Engineers at the micro-blogging company have until November 7 to launch the scheme or face being fired.

The project was communicated to employees on October 30.

The price of the verification is said to be subject to change.

Hours before the report emerged, Musk tweeted: “The whole verification process is being revamped right now.”

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Elon Musk unveils new name, logo for Twitter

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Popular microblogging app, Twitter has unveiled its new logo.

The new logo was made public by Twitter owner Elon Musk and its new CEO.

The social media app on Sunday hinted that it would ditch its bird logo, be rebranded with the name X and move quickly into payments, banking and commerce, according to AFP.

Founded in 2006, Twitter takes its name from the sound of birds chattering, and it has used avian branding since its early days, when the company bought a stock symbol of a light blue bird for $15, according to the design website Creative Bloq.

Tweeting a picture of the company’s new logo – a white X on a black background – late Sunday night, Twitter chief executive Linda Yaccarino said “X is here! Let’s do this.”

Also late Sunday night, Musk changed his profile picture to the company’s new logo, which he described as “minimalist art deco,” and changed his Twitter bio to “X.com,” which now redirects to twitter.com.

Musk had earlier tweeted that “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.”

Musk also tweeted that under the site’s new identity, a post would be called “an X.”

The changes were not visible on the website as of 0630 GMT Monday.

Musk had already named Twitter’s parent company the X Corporation, and previously said his takeover of the social media giant was “an accelerant to creating X, the everything app” — a reference to the X.com company he founded in 1999, a later version of which went on to become payments giant PayPal.

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Such an app could still function as a social media platform, and also include messaging and mobile payments.

“Powered by AI, X will connect us in ways we’re just beginning to imagine,” Yaccarino tweeted earlier on Sunday.

Yaccarino, an advertising sales executive at NBCUniversal who Musk poached last month to become Twitter’s CEO, said the social media platform was on the cusp of broadening its scope.

“X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities,” Yaccarino tweeted.

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Binance CEO declares ‘Binance Nigeria Limited scam entity’

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The Chief Executive Officer of Binance, Changpeng Zhao, has declared Nigeris’s subsidiary of the global cryptocurrency exchange platform as a scam.

Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.”

“Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news,” he wrote.

The Securities and Exchange Commission of Nigeria had declared that Binance Nigeria was operating illegally in the country as it is not registered or regulated by the SEC.

Details later…

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Jack Dorsey launches Twitter alternative ‘Bluesky’ on Android

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Co-founder and former Chief Executive Officer (CEO) of Twitter, Jack Dorsey has launched a new application called ‘Bluesky’ on Android, a few hours after losing his verification badge on the microblogging platform.

According to the app’s website, the “social internet” of the future will give users more options and creators “independence from platforms”.

However, the app is still under development and may only be accessed with an invite code.

“We’re building the AT Protocol, a new foundation for social networking which gives creators independence from platforms, developers the freedom to build, and users a choice in their experience,” the website stated.

Using financing from Twitter, Mr Dorsey started developing Bluesky as a side project in 2019. In late February, it was first rolled out to iOS users.

As per TechCrunch, the basic features for monitoring likes or bookmarks, modifying tweets, quote-tweeting, direct messages and using hashtags, which are available on Twitter are not present in Bluesky at launch. This will make the app a more streamlined version of Twitter than what it initially appeared to be.

Additionally, it’s incorporating decentralisation into its own protocol, the AT Protocol, rather than adding to the work already done on ActivityPub, the protocol powering Mastodon, an open-source Twitter alternative and a variety of other decentralised apps in the larger “Fediverse”, the term for these connected servers hosting free, open-source web publishing software, as per the outlet.

The demand for the application has been growing and has 20,000 active users currently.

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