Elon Musk is promoting its overall Twitter payment plan. The company has first applied for a state license in the United States in order to create additional revenue streams beyond advertising. Recently, the 51-year-old business legend said that at this stage, he hopes to use the circulating currency in Twitter for payment, but has guaranteed the role of cryptocurrency for the company in the near future.

Elon Musk Twitter payment

Previously, Elon Musk, CEO of Tesla Motors, at a meeting with Twitter advertisers, outlined the development strategy of Twitter's involvement in payment business in an all-round way, and conducted a live broadcast on Twitter. Users of social platforms imply that in the near future, users will be able to transfer funds to each other on the Internet, get funds to bank accounts with work experience certificates, and possibly get a high-return financial market account to guide them to transfer cash to Twitter.

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Users of cryptocurrency have been waiting for the service platform to apply digital currency payment for a long time. This website has brought the application of BTC and ETH to give NFT avatar image prompt to "Twitter Blue" users according to Lightning network.

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After Musk recovered the company with US $44 billion in October 2022, people have a higher estimate of the implementation of cryptocurrency payment. The documents submitted for the sale also showed that many blockchain companies, such as Binance, contributed to the massive recovery of Elon.

Mask has served as Esther Crawford as CEO of the payment unit, and it is expected that the business revenue will exceed 1.3 billion US dollars by 2028. Altcoin, such as Mask Network (Mask) and Dogecoin (DOGE), basically rose sharply after the announcement.