Elon Musk-led Twitter is working on a payment system that will support currencies with crypto functionality. According to a report in The Financial Times, sources said that the payment feature will support fiat currencies to begin with.
San Francisco: Elon Musk’s Twitter is now working on a payment system that will support accepted currencies with crypto functionality (Musk planning payment system on Twitter). According to a report in The Financial Times, sources told that the payment feature will support fiat currencies. Neither Musk nor Twitter has confirmed this. Mr Tweet apparently instructed the developers to build the platform’s payment system.
Twitter is looking to bring payments to its platform as Musk wants it to become an ‘an everything app’ like China’s WeChat. Musk said in October last year, “Buying Twitter is an accelerator for ‘N Everything App’. He said Twitter will probably accelerate X by 3 to 5 years, but I could be wrong. Later, the social media But images about ‘Twitter Coins’ came to the fore.
Unconfirmed rumors also surfaced that Twitter is working on a wallet prototype that will support crypto deposits and withdrawals. Musk’s ‘Twitter 2.0 the everything app’ will have features such as encrypted direct messages (DMs), long tweets and payments. During a podcast, he said that America needs a super app. He said, “It’s either converting Twitter into that, or starting something new.” Musk planning payment system on Twitter
