Elon Musk advances support for an integrated payment system on Twitter that supports cryptocurrencies

The anticipation of Twitter integrating crypto outgo surfaces aft Elon Musk met with the employees

With Elon Musk astatine the helm of Twitter affairs, we mightiness conscionable beryllium seeing the anticipation of the societal media elephantine integrating crypto payments. Details of his archetypal gathering with Twitter employees look to suggest specified speculations.

As per the reports, the billionaire suggested a much nonstop outgo strategy connected the societal media app. It came

Also, the CEO said specified integration would assistance the seamless transportation of wealth betwixt users. He further floated the thought of specified an integrated outgo strategy allowing for cryptocurrency transactions.

He went connected to say:

So the goal, my extremity would beryllium to maximize the usefulness of the work – the much utile it is, the better. And if 1 tin usage it to marque convenient payments, that’s an summation successful usefulness.

Elon remarked that payments, similar quality and entertainment, are strategical areas to guarantee precocious idiosyncratic activity. Thus, specified broader integration volition marque users presumption Twitter arsenic “something everyone wants to use.”

Prolonged Twitter Acquisition

On April 25, 2022, Twitter announced that it had reached an statement with Elon for its acquisition for an estimated $44 billion. The move, upon completion, would spot Twitter go a privately held company.

However, astir 2 months aft the announcement, the woody is yet to materialize.

The Tesla and SpaceX CEO has blamed the hold connected Twitter’s not accurately disclosing the fig of fake oregon spam accounts connected the service.

Trouble looms ahead

As reported recently, Elon Musk has been slammed with a suit aft allegations of a “crypto pyramid scheme” involving Dogecoin surfaced. Also, the suit alleged the engagement of his companies, Tesla and SpaceX, successful the pyramid scheme.

Further, Keith Johnson, who initiated the lawsuits, is seeking a $258 cardinal colony aft being “defrauded retired of money.”

However, neither Elon Musk nor immoderate of the 2 companies roped successful the suit person commented connected the matter.

The station Elon Musk advances enactment for an integrated outgo strategy connected Twitter that supports cryptocurrencies appeared archetypal connected CryptoSlate.