Elon Musk sees logic in integrating crypto payments into Twitter

Digital payments would make sense to integrate into Twitter, Elon Musk said at a company-wide virtual town hall of the social network. CoinDesk reports.

“At the moment, money is largely digital and has been for some time. It would make sense to integrate payments into Twitter, to allow easy sending of money back and forth,” the billionaire said.

In late April, the founder of Tesla and SpaceX agreed to purchase Twitter for $44 billion. The takeover offer Musk made to the company’s leadership in the middle of the month.

The entrepreneur explained his intention as a desire to create “an inclusive arena for freedom of speech,” rather than a desire to make money.

Initially, Twitter’s board of directors took the proposal negatively, but then reconsidered its position.

In May, the billionaire paused the acquisition process due to reports of inflated audience metrics for the social network. During the remarks he said that the number of daily active users should reach 1 million per day. In the first quarter, their number was 229 million.

In September 2021, the social network added the ability to send donations in Bitcoin. In February, such an option was implemented for Ethereum.

In April, Musk proposed offering users the ability to pay for a Twitter Blue subscription in the meme cryptocurrency Dogecoin.

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