Elon Musk proposes to integrate cryptocurrency into Twitter
This Thursday, June 16, 2022, Elon Musk spoke with Twitter staff over a videoconference. This is the first time that the American businessman has spoken directly to employees since the announcement of the takeover. The social network has indeed accepted the offer of the entrepreneur in April.
During the exchange, the billionaire mentioned several key topics concerning the future of Twitter, such as the relaxation of moderation, the reduction of teleworking or the possibility of a reduction in the workforce.
Above all, Elon Musk felt that he would be « makes sense to integrate payments into twitter ». Taking the example of WeChat, the essential multifunction application in China, the founder of Tesla wants to transform Twitter into a platform combining several tools. He specifies :
“So my goal would be to maximize the usefulness of the service – the more useful the better. And if one can use it to make convenient payments, that is an increase in utility”.
This must « make it easy to send money » so that Internet users do not need to leave Twitter, argues Elon Musk. To set up this system, the business manager mentions the possibility of turn to cryptocurrencies.
👉 How to buy Bitcoin (BTC)?
A Twitter subscription paid for in cryptocurrencies?
The richest man in the world has never hidden his interest in the world of cryptocurrencies. Elon Musk also considers Bitcoin (BTC) and Ether (ETH) as protection against inflation. Last year, he even pledged that Tesla would once again accept Bitcoin payments.
Since the Twitter takeover announcement, he has also raised the idea that the Blue subscription, which offers access to premium options for $3/month, can be paid for with crypto-assets. On his account, Elon Musk even suggested that this subscription could be paid in Dogecoin (DOGE).
Under the leadership of Jack Dorsey, Twitter had already gradually open to cryptocurrencies. Last year, the social network added the ability to tip in Bitcoin through the Lightning Networkd. A few months later, Ether was added to the tip option.
Twitter has also embarked on tokens non fongibles (NFT). The platform allows its paid Blue users to verify a profile picture as an NFT. The integration of crypto-assets on Twitter is unlikely to stop there.
👉 Read also: Binance participated for $500 million in the acquisition of Twitter by Elon Musk
Source : Vox
Newsletter 🍞
Get a crypto news recap every Sunday 👌 And that’s it.
———-
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
—
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky in nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
—-
/data/photo/2022/06/17/62ac2c20ce800.jpeg "There’s a lot of commotion at the Bintaro gas station because of the Pertamax Turbo written receipt, what’s the difference with Pertamax?")
