Elon Musk Hints Twitter Will Integrate Crypto Payments if His Takeover Bid Is Successful

Tesla CEO Elon Musk has suggested integrating crypto payments into Twitter. “My extremity would beryllium to maximize the usefulness of the service,” helium told Twitter’s employees successful his archetypal all-hands gathering with them.

Twitter’s First All-Hands Meeting With Elon Musk, Integrating Crypto Payments

Tesla and Spacex CEO Elon Musk, who whitethorn go the caller proprietor of Twitter Inc., had his archetypal all-hands gathering with Twitter’s employees Thursday.

Musk answered galore questions astir however helium plans to tally the societal media institution if his bid to bargain Twitter is successful. However, the $44 cardinal woody is presently on hold, and Musk has accused Twitter of a worldly breach of the merger agreement.

During the meeting, Musk mentioned crypto a fewer times, according to a leaked transcript of the gathering and a leaked video posted by Project Veritas.

Leslie Berland, Twitter’s main selling officer, asked Musk: “Can you speech a small spot astir Twitter and payments?”

The Tesla brag began by stating that “money is fundamentally a signifier of information,” adding that it is “fundamentally digital.” He added:

I deliberation it would marque consciousness to integrate payments into Twitter truthful that it’s casual to nonstop wealth backmost and forth, and fiat currency arsenic good arsenic crypto — essentially, immoderate idiosyncratic would find useful.

“So 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,” helium clarified.

Crypto Scams and Spam Accounts

Berland besides asked Musk astir immoderate problems helium sees with Twitter. The Tesla CEO replied:

There’s decidedly an ongoing situation with Twitter with bot accounts and spam accounts. There’s rather a batch of crypto scams connected Twitter.

“It’s gotten better, but there’s inactive a just spot of that,” helium continued. “There are besides radical wherever they’re not needfully bots, but they mightiness beryllium operating. You know, 1 person’s operating hundreds of accounts and trying to marque them look similar individuals, but they’re not.”

Musk antecedently said that the spam bot is the single astir annoying problem connected Twitter and helium vowed to defeat it “or dice trying,” if his bid to bargain the societal media level succeeds.

Transparency, Trust, and Free Speech

Musk further explained to Twitter’s employees: “I deliberation it’s highly important that determination beryllium transparency. So that’s wherefore I’m an advocator of having the algorithm beryllium unfastened root truthful that radical tin critique it, amended it, place bugs, potentially, oregon bias.”

Noting that “transparency evidently increases trust,” the Spacex brag emphasized:

I deliberation that spot is highly important, and past conscionable the usefulness of the strategy — getting escaped of benignant of troll farms and bots and spam is incredibly important.

Regarding escaped speech, Musk said: “I deliberation it’s indispensable to person escaped code and to beryllium capable to pass freely … It’s escaped code wrong the discourse of the law. So I’m not talking astir suggesting that we conscionable flout the law, due to the fact that we’ll conscionable get unopen down successful that case.”

What bash you deliberation astir however Elon Musk volition tally Twitter? Let america cognize successful the comments conception below.