Crypto adoption continues despite the bear market. The latest reports come related to Elon Musk and Twitter and you can check them out below.
Elon Musk to integrate crypto payments into Twitter
Acording to the latest reports, Elon Musk wants crypto to play a bigger role in Twitter’s future.
A transcript that has been published by Vox notes that the SpaceX CEO spoke to Twitter employees on a video call on Thursday amid his possible acquisition of the company.
Musk argues that “money is fundamentally digital at this point” and that Twitter should incorporate digital payments.
“I think it would make sense to integrate payments into Twitter so that it’s easy to send money back and forth. And if you have currency as well as crypto. Essentially, whenever somebody would find it useful.”
He continued and pointed out the following:
“My goal would be to maximize the usefulness of the service – the more useful it is, the better. And if one can use it to make convenient payments, that’s an increase in usefulness. News, entertainment, and payments, I think, are like three critical areas. But really, it’s just about thinking about how to make this, how to make using Twitter so compelling that you can’t live without it and that everyone wants to use it.”
We’re definitely in the middle of a crypto winter these days, and according to more expert voices, this will last a little longer. While a lot of people are freaking out, long-term hodlers who have been through similar events a while ago are not that worried.
Alice Liu pointed to the fact that Bitcoin has dropped in price 30% in the past week alone — with Terra’s collapse and Celsius Network’s financial woes piling pressure onto the crypto ecosystem of late.
Check out our previous article in order to learn more details about all this.