BlocksInform
Elon musk is moving forward with plans to bring the payment feature to twitter, bringing another source of income for the troubled social media giant.
While the technology will mainly focus on fiat, it will be constructed so that crypto-functionality can be added in the future.
Tweet & Payments.
As reported by the Financial Times on Monday, Esther Crawford – Twitter’s Director of Product Management – has been working with a small team to map out the architecture for bringing payments to the platform. She currently serves as Managing Director of twitter payments llc.
The company also requested state regulatory permits in the United States to be eligible for the task, after registering with the U.S. Treasury as the person responsible for processing payments in November. He hopes that we will have a licence within a year and that it will grow on the international stage.
Musk has already expressed interest in a series of twitter-based payment services, transactions between peers, debit or credit cards, create an "all" application that makes it easier to pay, commerce, and messaging. It would even make it possible for people to purchase products directly on the platform.
He’s even teased adding a Dogecoin payment option to Twitter – though no plans of the like have been confirmed yet.
According to the New York Times, a launch presentation to investors last May showed that Musk expects to rule in $1.3 billion of Twitter's payment income by 2028. It represents another move by musk to make twitter more cost-effective, including placing the audit behind a pay wall and cutting thousands of company employees.
Prior to the takeover of Musk, Twitter was already exploring failover and e-commerce capabilities. Lightning-based Bitcoin tips were included in these updates, with Ether tips and NFT support following soon after.
Another bunch of Dogecoin spikes.
As a result of the Financial Times reports on the topic, Dogecoin briefly peaked at $0.091 per day, before falling back to $0.086 in a matter of hours.
Dogecoin is used to responding to news related to elongated musk, whether or not they are related to the specific meme piece. The digital currency surged 22% ahead of Musk’s takeover of Twitter, as he was moving into Twitter HQ.
Musk has previously suggested that Dogecoin is better than Bitcoin at handling transactions, due to its larger block size limit, and faster block speed. He also interacts with the creator of the same corner, billy markus, on twitter on a regular basis.
