Elon Musk wants make Twitter a giant financial institution


Tesla’s CEO confirmed that he is still strong with his plan to turn Twitter into a giant payment platform but failed to talk about Cryptocurrency’s roles in Twitter’s future.

In Q4 2022, the top-ranked billionaire Elon Musk acquired Twitter as a private company for $44 billion. To acquire Twitter, Musk grabbed better financial support from the Binance crypto exchange CEO Changpeng Zhao (CZ). Initially, Musk said that he will make Twitter’s ecosystem perfect for the users but later he disclosed that he will bring multiple features to the Twitter platform.

On 7 March 2023, Elon Musk appeared in an interview with Morgan Stanley executive Michael Grimes. In the interview, Musk said that he believes it is very easy to become a giant financial institution in the world with the strategy of convenient services.

“I think it’s possible to become the biggest financial institution in the world, just by providing people with convenient payment options,” Musk said.

Musk confirmed that he wants to provide payment services, more superior to PayPal, but failed to talk about any Cryptocurrencies. 

Musk is a big fan of Dogecoin. He holds Bitcoin, Dogecoin & Ethereum in his portfolio. But in a recent tweet, he said that he was interested in Cryptocurrencies but now he is interested in Artificial intelligence (AI).

Dogecoin co-founder Billy Markus responded that AI will bring better use cases as they have better potential over the Web3 concept.

In late 2022, Some reports confirmed that Twitter planned to add advanced technical crypto payment support along with the traditional payment system so that in the future Twitter can easily bring crypto payment options into its services. 

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