Periscope had given iOS users the ability to live stream in 360-degrees, if they had a supported 360-degree camera available, and now the company is expanding that functionality to Android users. Of course, this is only applicable with specific 360-degree cameras, which are listed on Periscope's support website. Currently, only the Insta360 Air is supported for attaching to your Android device and broadcasting through Periscope using the Producer option. There are a few other options available for streaming through multiple cameras, like the Ricoh Theta S and the Orah 4i, but all things told, options are pretty limited right now.
Being able to live stream in 360-degrees is a pretty interesting feature, and it allows viewers to feel like they are really there with the streamer. Periscope's 360-degree support is still a bit limited, but it will be supported by more cameras in the very near future. It's a bit surprising to see that Samsung's Gear 360 camera is not supported by Periscope, since it is likely the most popular 360-degree camera available (largely due to how big Samsung truly is, especially with their Gear VR).
This change to Periscope means that users are going to be able to now watch 360-degree video on Android, that also was not available before this update. Users on Periscope will see a "Live 360" badge on the video that indicates that the video is in 360-degrees, instead of just a normal video. It's the latest that Periscope and Twitter are doing to try and get users to use their platform over their rivals. Video has become a big part of Twitter's playbook in recent months and years because of how much money video ads are paying. They pay more than your standard ads, which means more revenue for the platform, but it also keeps users engaged, which is another problem that Twitter and some other social media platforms have been having as of late. Whether the addition of 360-degree streaming will make a difference for Periscope, remains to be seen, but it definitely can't hurt their user-growth, especially once they add the functionality to the Twitter app.