December 11, 2023

Elon Musk considered it logical to integrate crypto payments into Twitter

Elon Musk considered it logical to integrate crypto payments into Twitter

It makes sense to integrate digital payments into Twitter, Elon Musk said at a general virtual meetingsocial media employees. CoinDesk writes about it.

«At the moment, money is largely digitaland it has been like this for some time. It would make sense to integrate payments into Twitter to make it easy to send money back and forth,” the billionaire said.

At the end of April, the founder of Tesla and SpaceX agreed to buy Twitter for $44 billion. Musk made a takeover offer to the company's management in the middle of the month.

The entrepreneur explained his intention by the desire to create an “inclusive arena for freedom of speech,” and not by the desire to make money.

Initially, the Twitter board of directors took a negative view of Musk's proposal, but then revised its position.

In May, the billionaire suspended the purchase processdue to reports of overestimation of the audience of the social network. During the speech, he said that the number of daily active users of Twitter should reach 1 million per day. In the first quarter, their number was 229 million.

Recall that in September 2021, the social network added the ability to send donations in bitcoin. In February, this option was implemented for Ethereum.

In April, Musk proposed allowing users to pay for their Twitter Blue subscription in Dogecoin, a meme-cryptocurrency.

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