A new report says that Elon Musk, CEO of billionaire Tesla, wants crypto to play a bigger role in Twitter’s future.
According to a transcript released by Vox, SpaceX’s CEO spoke to Twitter employees in a video call Thursday amid his potential acquisition of the company.
Musk argues that “money is fundamentally digital at this point” and that Twitter should integrate digital payments.
“I think it would make sense to integrate payments with Twitter so it’s easy to send money back and forth. And if you have both currency and crypto. Basically whenever someone would find it useful.
My goal would be to maximize the usefulness of the service – the more useful, the better. And if you can use it to pay conveniently, that increases the benefit. News, entertainment and payments are three critical areas in my opinion. But really, it’s just thinking about how to do that, how to make using Twitter so compelling that you can’t go without it and that everyone wants to use it.”
Twitter launched a tipping feature last September, allowing users to instantly send funds, including cash and Bitcoin (BTC), to any other Twitter user in the world for free using the Strike payment protocol, an app that handles BTC transactions processed via the Lightning Network. The tipping feature extended support for Ethereum (ETH) in February.
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Featured Image: Shutterstock/DM7/Natalia Siiatovskaia