- Musk calls himself “Chief Twit” after sealing the $44 billion Twitter deal.
- While Musk and crypto have had their ups and downs, he is largely seen as an ally.
- Twitter users could benefit from integrating crypto payments and fighting bots, he said.
The world’s richest man completes his blockbuster Twitter purchase. As per the latest reports, Elon Musk closed his $44 billion after months of waffling, lawsuits, verbal mudslinging, and nearly a trial.
Musk’s acquisition of Twitter is largely seen as a positive development for Web3, suggests reports. The Tesla CEO’s motive to start a social media company based on blockchain technology was earlier disclosed in a text message days before he offered $43 billion to buy Twitter.
On Thursday, four of Twitter’s top executives got fired by Musk, including its chief executive and financial officer.
In a video posted to Twitter yesterday, Tesla and SpaceX’s CEO walks into Twitter headquarters with a sink, captioned, “Entering Twitter HQ – let that sink in!.” Musk has also shared a tweet that underlined his intentions of clearing the censorship aspect of Twitter.
The text sent by Musk to his entrepreneur brother Kimbal Musk says,
I have an idea for a blockchain social media system that does both payments and short messages/links like Twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots. There is no throat to choke, so free speech is guaranteed
Additionally, Musk has discussed adding crypto and fiat currency payment features to Twitter. It appears Twitter is developing tools in line with Musk’s vision by integrating crypto wallets into its infrastructure.
Twitter has gradually entered the payments section with the addition of a tipping feature using cryptos including Bitcoin, in 2021 and Ether this year.
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