Elon Musk Hints Twitter Will Integrate Crypto Payments if His Takeover Bid Is Successful
Tesla CEO Elon Musk has suggested the integration of crypto payments into Twitter.
Elon Musk's aim to the usefulness of the service he told Twitter's employees in his first all-hands meeting with them.
Elon Musk plans to run the Social media company if his bid to buy Twitter is successful, the $44 billion deal is now on hold and Musk has accused Twitter of a material breach of the merger agreement.
During the meeting, Musk mentioned crypto a few times, according to a leaked transcript of the meeting and a leaked video posted by Project Veritas.
Leslie Berland, Twitter's chief marketing officer asked Musk "Can you talk a little bit about Twitter and payments"
The Tesla boss began by stating that money is essentially a form of information, adding that it is fundamentally digital he added
"I think it would make sense to integrate payments into Twitter so that it’s easy to send money back and forth, and fiat currency as well as crypto — essentially, whatever somebody would find useful."
"So my goal would be to maximize the usefulness of the service the more useful it is the better, and if one can use it to make convenient payments, that's an increase in usefulness" he clarified.
Berland also asked Elon Musk about some problems he sees with Twitter the Tesla CEO replied.
"There’s definitely an ongoing challenge with Twitter with bot accounts and spam accounts. There’s quite a lot of crypto scams on Twitter."
It's gotten better but three's still a fair bit of that he continued there are also people where they're not necessarily bots but they may be operating you know, one person's operating hundreds of accounts and trying to make them look like individuals but they're not.
Musk previously said that the spam bot is the single most annoying problem on Twitter and he vowed to defeat it or die trying if his bid to buy the social media platform succeeds.
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