Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Elon Musk Could Introduce Crypto Payments to Twitter

elon musk twitter crypto

According to a transcript of a staff meeting, Elon Musk is advocating for integrating payments into Twitter more broadly, including support for cryptocurrencies.

In leaked transcript, published by Vox, Musk was asked about his thinking in this area. He replied by saying “your money is essentially a form of information” and that digital payments have become increasingly ubiquitous in recent years.

Musk added: “I think it would make sense to integrate payments into Twitter so that it’s easy to send money back and forth. And if you have currency as well as crypto. Essentially, whenever somebody would find it useful. So the goal, my goal would be to maximize the usefulness of the service – the more useful it is, the better. And if one can use it to make convenient payments, that’s an increase in usefulness.”

Musk appeared to suggest a more direct payments integration than what exists today. As previously reported, Twitter rolled out support for Bitcoin tipping last fall and later added Ether earlier this year for mobile users.

In his remarks, Musk indicated that payments would form part of a broader strategy to keep people using the site.

Top 5 Yield Farms 2022

Welcome to another article from the Run The Chain Crypto Classroom. Today we’ll be discussing Top 5 Yield Farms 2022. Looking back in time, the Defi sector

Read More »

What is Yield Farming?

Yield farming involves investors locking or staking their cryptocurrencies within liquidity pools to gain more rewards in form of interests. It is one cryptocurrency investment

Read More »

On this, he said: “It sort of news, entertainment, and payments, I think, are like three critical areas. But really, it’s just about sort of thinking about how to make this, how to make using Twitter so compelling that you can’t live without it, and that everyone wants to use it.”

The comments come amid a period of uncertainty over whether Musk’s bid to buy the social media giant will actually go through. Despite inking a deal with Twitter’s board this spring, Musk has since argued that he has the right to pull out of the deal.

Leave PR & Outreach to us here at Run the Chain

Looking for a way to spread the word about your project on major websites like Cointelegraph and Coindesk? As key partners of these publications, we can help. Contact us today for a low-cost, bespoke PR package.

Want to know more? Click here.

Share Post: