As more advertisers pause spending on Twitter, Elon Musk has shared his digital payments plans with them where users will be able to send money to others like China’s WeChat
In a live-streamed meeting with advertisers, Musk detailed hisvision for Twitter to enter the digital payments market, reports TechCrunch
As per Elon, users would be able to send money, “extract their funds to authenticated bank accounts and, later, perhaps, be offered a high-yield money market account to encourage them to move their cash to Twitter”
Twitter last week filed registration paperwork with the US authorities to allow it to process payments on the platform
In his online meeting with advertisers late on Wednesday, Musk told them how paid verification via Blue subscription service and support for a creator ecosystem could herald payments on Twitter
“Now we can say, okay, you’ve got a balance on your account. Do you want to send money to someone else within Twitter? Musk told advertisers
The user can then move the money out of Twitter by transferring it to an authenticated bank account
Musk, however, did not speak on cryptocurrencies as part of his payments vision for Twitter