Musk revealed that cryptocurrency payments are a feature Twitter may introduce when talking to Twitter staff. ” It makes sense to integrate Twitter payments to make it simple to transfer money back and forth”said Musk, adding that those plans could include both ” fiat currency and crypto ».
While former Twitter CEO Jack Dorsey included Bitcoin tipping in 2021, Musk’s proposal seems broader. Musk promised to “maximize the usefulness of the service” by making ” Twitter is so attractive you can’t live without it » ; including a combination of news and entertainment.
For Elon Musk, money is inherently digital at this point, and for a long time, draws a parallel to PayPalwhich he co-founded.
Musk suggested paying in crypto on Twitter, but he didn’t give a detailed strategy. ” Maybe an option to pay DOGE ? “, he mentioned.
— UGain India (@ugainindia) June 17, 2022
Protect Twitter from fraud!
Musk also said he wants to remove crypto scams from the social media platform. He considers that on Twitter there are more crypto scams than on other social networks.
Musk further elaborated on the ideas he mentioned earlier. He wants Twitter’s anti-bot algorithms exposed to public scrutiny. Additionally, he aims to create a paid service that users can use to prove their legitimacy.
As usual today, DOGE/USD had no reaction to Elon Musk’s comments. But if the social network uses it, it will be the largest platform to integrate Dogecoin payment.
Source: The Blog
I am Ben Stock, a highly experienced news writer with several years of experience in the industry. I currently work for The News Dept as an author, where I specialize in market-related stories. My passion and expertise lies in providing readers with accurate and up-to-date information on the latest financial developments from around the world.