What are Elon Musk's crypto plans? – HiTech Wiki
Unlike Bill Gates, who believes that cryptos and NFTs are worthless, Elon Musk is in favor of digital assets. The boss of Tesla is also one of the supporters of Dogecoin, which has been talked about a lot over the past two years.
Today, Musk intends to buy Twitter. And while the finalization of the deal is still in progress (with some incidents), one wonders what the Tesla boss’s plans for crypto will be once he buys Twitter.
It should be noted that since former Twitter boss Jack Dorsey was also into digital assets, the social network has already acquired quite a few crypto features, such as the ability to make donations. in cryptos to creators, or even support for NFTs as profile pictures.
Twitter: Elon Musk could be inspired by the Chinese application WeChat
And logically, under the Elon Musk era, Twitter should continue its momentum. Today, thanks to an exchange between Musk and Twitter employees which was published by the Vox site, we already have a small idea of the functionalities related to cryptocurrencies that the social network could launch.
In response to a question from an employee regarding payments, Elon Musk indicated that he wants to integrate payment functionality into Twitter, so that the app can send and receive money. And this function could not be limited to fiat currencies, but also include cryptocurrencies.
“News, entertainment and payments, I think, are like three critical areas”, he reportedly said. According to him, the more the platform will be useful, the more it will be essential for users, and the more difficult it will be for them to part with it.
Previously, Elon Musk had explained that he wants to make Twitter an application comparable to WeChat. In China, it not only allows you to do messaging, but integrates a lot of features, including payments, VTC, etc.
“If you’re in China, you kind of live on WeChat, it does everything. It’s kind of like Twitter, plus PayPal, plus a whole bunch of other stuff. And all in one and […] great interface. It really is a great app”explained the boss of Tesla, during an intervention on the All-in podcast.
Otherwise, during his exchange with Twitter employees, Elon Musk also mentioned bots and fake accounts (the problem that threatened the proposed acquisition), as well as scams related to cryptocurrencies circulating on the social network.
Here’s how Musk could fix fake accounts and crypto scams
On this subject, Musk indicated that there are a lot of crypto scams on Twitter, while conceding that the situation has already improved. Among the solutions explored by Elon Musk is the paid subscription Twitter Blue.
In essence, Twitter could, in the future, use this subscription as a means of verification, since using a payment system to subscribe to Blue would serve to verify that an account is not a bot. Then, Twitter’s algorithms could prioritize posts from people who have been verified this way.
Obviously, as this information does not come from an official source, but from a leak, caution is in order. On the other hand, all these projects can only be realized once Twitter has been effectively acquired by Elon Musk (and his partners).
|CryptoCurrency||USD||Change 1h||Change 24h||Change 7d|
|Bitcoin||0.94 %||0.40 %||3.37 %|
|Ethereum||1.65 %||1.25 %||10.17 %|
|Tether||0.07 %||0.09 %||0.13 %|
|USD Coin||0.04 %||0.08 %||0.15 %|
|BNB||1.47 %||2.33 %||8.40 %|
|XRP||2.12 %||3.04 %||11.86 %|
|Binance USD||0.01 %||0.04 %||0.15 %|
|Cardano||2.55 %||3.03 %||0.59 %|
|Solana||2.94 %||0.15 %||31.83 %|
|Polkadot||2.82 %||2.08 %||8.56 %|
|Dogecoin||1.92 %||1.14 %||16.42 %|
|Shiba Inu||2.68 %||3.92 %||37.35 %|
|Dai||0.02 %||0.04 %||0.06 %|
|TRON||0.75 %||1.19 %||7.68 %|
|Avalanche||1.54 %||4.31 %||27.58 %|
|Wrapped Bitcoin||0.97 %||0.69 %||3.21 %|
|LEO Token||0.46 %||2.49 %||17.25 %|
|Lido Staked Ether||1.45 %||0.32 %||13.97 %|
|Polygon||1.51 %||2.06 %||45.28 %|
|Litecoin||2.41 %||2.33 %||15.36 %|