Better than PayPal? Twitter will allow sending money between users

Since Elon Musk bought Twitter, one of the main topics has been increasing the company’s profits. Something like this probably can’t be done without finding other sources of revenue. What is the South African native up to?

Imagem de Tumisu por Pixabay

Twitter needs to start making money

Elon Musk announced at the end of last year that he would like to enter the world of cashless payments with Twitter. At the time, the social network owner suggested that users could send money to each other. The idea is obviously a realistic one, as developers have been working on the system for some time now.

The Financial Times also reports that the company is actively looking to make the necessary investments within the US. Esther Crawfod, Twitter’s director of product management, even claims that Musk wants to make the social network “an app for everything.”

Will there be a payment platform?

The new payment platform could initially work with regular currencies and payment methods, however, in the future we will also see the inclusion of various cryptocurrencies. If we were to take a random guess, it will be mainly Bitcoin, Ethereum and of course Dogecoin.

PayPal’s competition

The platform would essentially compete with PayPal, which was founded by none other than Elon Musk. We’ll see how the situation develops further, but Twitter still has a hell of a long way to go – that much is already clear.

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