Vine-style video sharing coming to Instagram: report

The web is buzzing after reputable technology site techcrunch.com claimed that the popular photo sharing/editing network Instagram will be getting a Vine-style video feed by June 20.
Details are few and far between but citing "a source," TechCrunch claims that Facebook, which owns

Instagram, will be unveiling a video sharing feature on June 20.

The video sharing feature, which has also been hinted at by Matthew Keys, former deputy social media editor at Reuters, a few weeks ago, is being described as not unlike Twitter's video sharing app Vine. Vine enables users to upload and share, directly on Twitter, videos up to six seconds in length.
Though little more is known about any plans, should they exist, to bring Vine-style video sharing to Instagram, the news is sweeping the web, being reported on by several other reputable tech specialist sites such as The Verge.
The style of the short embedded video sharing that Vine enables is proving popular throughout the tech world. Recently it was announced that, in the absence of an official Vine application, an unofficial app called 6Sec had been created for users of Windows Phones and updated so that users could create and share their own short videos on Vine, rather than, as was previously the case with unofficial Windows Phone Vine apps, simply watch content created by others.
An application very similar to Vine was also launched in China recently by AVOS Systems, a company founded by YouTube founders Chad Hurley and Steve Chen. Called Wan Pai, the app (which is free on iOS and Android) enables users in China to share content to a number of local social networks such as the Twitter-style Sina microblog.