Musk: ‘Integrate Payments Into Twitter’

Elon Musk has said Twitter should integrate digital payments, a Coindesk report said Thursday (June 16).

The billionaire Tesla owner said money is “fundamentally digital at this point and has been for a while,” as he was speaking at a virtual all-hands meeting for the social media company he’s still in talks to buy.

“It would make sense to integrate payments into Twitter so it’s easy to send money back and forth,” he said.

Twitter has already looked into cryptocurrency, and incorporated Bitcoin tipping under its previous CEO Jack Dorsey. The social media giant also added ether functionality earlier this year.

The company has also tried out a new program from Stripe, which has announced a feature allowing payments in USDC through Polygon.

Musk’s bid to buy Twitter, which originated in April, has seemed to waver at times, but Coindesk reports that it’s mostly still on track for now. He proposed to buy the company for $44 billion and has said he wants to change the culture of the site to be more open to free speech policies.

See also: Dorsey Steps Down From Twitter’s Board

PYMNTS wrote recently that Dorsey, in addition to leaving his CEO job last year, has also recently stepped down from the board of the company.

The report noted that this was the plan all along — Twitter said last year he’d do so when his term expired. That happened as of May 25 at the company shareholders’ meeting.

With Dorsey’s departure, all the original founders have cut ties with the company.

PYMNTS wrote about Musk’s impending potential buy of the company, saying Dorsey seemed to personally be in favor of it. He said Musk might be able to move the company in a positive direction.

Dorsey, like Musk, is a fan of cryptocurrency — Dorsey has supported Bitcoin and his tweets as of this year have suggested he’ll keep doing that, despite the collapse of the UST coin and drop in value for crypto overall.

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