Is Twitter Coming Up With Crypto Payments ? What's Next

Is Twitter Starting Payments In Crypto? What's Next

January 31, 2023 Story: Mohd Javed

Twitter has reportedly initiated the groundwork to introduce payment tools for the microblogging site.

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Reports said that Musk has applied for regulatory licenses to introduce payments across the platform, which will potentially include Bitcoin and crypto.

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Twitter boss Elon Musk has reportedly instructed his developers to build the platform’s payments system keeping in mind the crypto payments.

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According to the reports, Twitter, which generates around $15 million annually from payment tools like tipping and shopping, could generate as much as $1.3 billion by 2028.

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In September 2021, Twitter had partnered with the payments company Strike to launch a Bitcoin tipping feature just two months before crypto enthusiast and former Twitter CEO Jack Dorsey stepped down.

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Adding crypto payment would play an important role to achieve Musk’s long-term vision of making Twitter a super app like WeChat, which includes everything from messaging to shopping to PayPal-like features.

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Musk described himself as a Bitcoin supporter during a session at Clubhouse. In February 2021, he had shared his plan to accept crypto payments for his automotive company Tesla.

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