22. February 2024

• Twitter is reportedly prepping for payments, and bitcoin might be an option.
• According to FT, Elon Musk wants the platform prioritize fiat payments first but has implied it could include cryptocurrency later on.
• This wouldn’t be the first time Elon Musk’s businesses accepted crypto—Tesla previously accepted bitcoin for cars before retracting due to renewable energy concerns.

Twitter Prepping for Payments

Twitter is reportedly preparing to begin facilitating payments through the app, having applied for regulatory licenses across the U.S.

Musk Open To Crypto Payments

Elon Musk is open to adding BTC and crypto as part of its Twitter payments vision, though his priority would be fiat payments first and foremost.

Musk’s Businesses Already Used Crypto

This wouldn’t be the first time that Elon Musks’ businesses have facilitated Bitcoin transactions; Tesla previously accepted Bitcoin for its electric vehicles before retracting due to renewable energy concerns.

“Super App” Vision

Musk has firmly reiterated since his taking over of the social media firm that he wants to see it become more of a generalized “super app,” which could benefit from the increased functionality of cheap, instantaneous payments using a platform like the Bitcoin Lightning Network.

Tipping via Bitcoin Lightning Network

Twitter has previously tested “tipping” through Jack Mallers’ Strike powered by the Bitcoin Lightning Network and added a feature allowing people to add their own Bitcoin address directly receive tips.