A new report says billionaire Tesla CEO Elon Musk wants crypto to play a bigger role in Twitter’s future.
According to a transcript published by Vox, the SpaceX CEO spoke to Twitter employees on a video call on Thursday amid his possible acquisition of the company.
Musk argues that “money is fundamentally digital at this point” and that Twitter should incorporate digital payments.
“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.
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. News, entertainment, and payments, I think, are like three critical areas. But really, it’s just about 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.”
Twitter rolled out a tipping feature last September enabling users to instantly send funds, including cash and Bitcoin (BTC), to any other Twitter user in the world for free utilizing the payments protocol Strike, an app that processes BTC transactions via the Lightning Network. The tipping feature expanded support for Ethereum (ETH) in February.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxFeatured Image: Shutterstock/DM7/Natalia Siiatovskaia