Elon Musk advances support for an integrated payment system on Twitter that supports cryptocurrencies
Twitter could integrate cryptocurrency payments after Elon Musk meets employees
As Elon Musk steers Twitter, social media giants may be looking at the possibility of integrating cryptocurrency payments. The details of his first meeting with a Twitter employee seem to suggest such a speculation.
According to the report, Billionaire has proposed a more direct payment system in social media apps.It came
The CEO also said that such integration would help seamlessly transfer money between users. He also came up with the idea of such an integrated payment system that would enable cryptocurrency transactions.
He went on to say:
Therefore, the goal is to maximize the usefulness of the service. The more useful the service, the better. And if you can use it to make convenient payments, it’s an increase in usefulness.
Elon said payments like news and entertainment are strategic areas for ensuring high user activity. Therefore, this widespread integration causes users to consider Twitter as “everyone wants to use it.”
Long-term Twitter acquisition
On April 25, 2022, Twitter announced that it had reached an agreement with Elon for an estimated $ 44 billion acquisition. When this move is complete, Twitter will be a privately held company.
However, even now, nearly two months after the announcement, the transaction has not yet been realized.
Tesla and SpaceX CEOs have blamed Twitter for delays in not accurately disclosing the exact number of fake or spam accounts on the service.
Trouble is imminent
As recently reported, Elon Musk was accused in proceedings after allegations of a “cryptopyramid scheme” involving Dogecoin surfaced. The proceedings also alleged that his companies, Tesla and SpaceX, were involved in the rat lecture.
In addition, Keith Johnson, who filed the proceedings, is seeking a $ 258 billion settlement after being “scammed from money.”
However, neither Elon Musk nor the two companies involved in the proceedings have commented on the matter.
