Does Elon Musk want to turn Twitter into a banking app?

Everything seems to indicate that the revolution of Elon Musk in Twitter It is just beginning and it seems that the tycoon has a plan cooking: to turn Twitter into a platform where users can make payments between each other.

According to the publication of the medium “The Financial Times”, Esther Crawford, Musk’s right-hand man on Twitter, declared that the architecture that will facilitate payments on the platform is beginning to be considered.

In addition, he revealed that the company is already requesting licenses for this type of operation in USA.

Twitter could look like a neobank

According to Crawford’s statement, Twitter will resemble a neobank.

And it is important to remember that Musk had already announced in tweets that he would seek to offer fintech services on the social network.

The platform would thus serve to carry out transactions between users, as a savings account and even to issue debit cards.

It may also interest you: “Elon Musk is not the one to run Twitter”: co-founder

The X app could be within the plans

Months ago, the owner of Tesla also stated that “buying Twitter it is an accelerator to create X, the app for everything.” Everything points to the fact that it wants to emulate the success of WeChat in China, and launch a mobile super app called X that integrates everything that Twitter offers but also other options such as mobile payments and online banking.

Payments between users would include transactions intended to reward creators for their work on the platform, but also those that would be used to directly purchase products through the platform.

Cryptocurrencies on Twitter?

It is also pointed out that one of the new features of the platform would be to support crypto functions, which probably would not be available initially but would be available in the future.

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