Billionaire and Tesla CEO Elon Musk participated in a Twitter all-hands meeting via video call on June 16, the first time since it agreed to buy Twitter for $44 billion. Employee direct conversation. In addition to discussing how Twitter will be transformed, potential layoffs and his views on remote working, Musk also mentioned Twitter’s cryptocurrency-related plans. During the meeting, Musk said that cryptocurrency payments are a feature that could be added to Twitter. Thus he said:
It would make sense to integrate payments into Twitter so that it would be easy to send money back and forth, and such plans could involve “currency and cryptocurrencies.”While Twitter launched its bitcoin tipping feature last year under former CEO Jack Dorsey, Musk’s vision appears to be more comprehensive. Musk also said that he would transform Twitter into a “Superapp” similar to WeChat, so that people could not live without the platform to “maximize the usefulness of payment services.” He believes that payment, News and entertainment are three key development areas for Twitter’s future. Musk also noted that “money is basically digital at this stage, and it’s been a trend for a while,” comparing it to PayPal. In April of this year, Musk hinted at integrating cryptocurrency payments when he proposed Twitter’s paid subscription service “Twitter Blue”, and he pointed out at the time that Dogecoin (DOGE) might be accepted as payment for subscription fees. options. In addition to cryptocurrency payments, Musk noted that his goal is to eliminate cryptocurrency scams on Twitter. He says,
There are a lot of cryptocurrency scams on Twitter that, although improved now, still cannot be eradicated.In addition, Musk did not update the progress of the acquisition in the meeting, but reiterated that he is still working to grasp the fake account information on Twitter. He has previously said that if Twitter cannot provide real data on spam and fake accounts, it will terminate the acquisition.