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Elon Musk emphasizes the need to integrate cryptocurrency payments into Twitter

9:30 pm, June 17, 2022

As Elon Musk said at a meeting of Twitter representatives, it is necessary to integrate digital payments into the social network.

«For a long time, our money has been mostly digital. It would be wise to integrate cryptocurrency payments into Twitter to make it easy to transfer funds back and forth,» Musk said.

The Tesla CEO is concerned about the state of affairs of Twitter, as he is trying to buy out the platform to take the company private and rebuild the social network without pressure from public shareholders. He plans to reduce dependence on advertising, strengthen the fight against bots, and protect freedom of speech. Musk offered about $ 44 billion for Twitter.

The billionaire is Binance-pidtverdyv-gotovnist-nadaty-koshty-ilonu-masku/">supported in the purchase of Twitter by the head of the Binance crypto exchange Changpeng Zhao. In early May, the U.S. Securities and Exchange Commission published information about the purchase of the social network by Elon Musk. The document shows that $ 500 million was allocated for the purchase by the Binance crypto exchange.

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