When buying the twitter, Elon Musk staged scenes of many controversies. Between discussions with employees in the network itself and mass layoffs, now the company's action plan is taking shape.
Initially, the proposal will be to make the social network a payment platform, making it a kind of digital wallet and offering the same features as a bank.
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In the near future, the company's CEO does not rule out the possibility of joining the cryptocurrencies.
According to the newspaper Financial Times, Musk's social network may have deposit accounts, bank transfers and debit cards. The source claims that Twitter is moving to register through the necessary licenses so that a company is part of the financial sector, after registering with the United States Treasury in the month of November. The team has been looking for a safe that can store user data through the application of the company's new system.
The company is running after the necessary regulations for the purpose and has also focused on the technical part of the function. The company's managing director, Esther Crawford, is architecting what needs to be done across the industry and is looking to expand the team.
The idea may be taking shape after buying Elon Musk, but the company has been trying to turn the project into something real, like Super Follow, which happened in 2021. The method makes followers access exclusive content and pay for exclusivity. With this, Twitter earns part of the money invested by users.
The reality is that Elon Musk arrived with firmer proposals. The project included Twitter as an application that will have a little bit of everything, including subscription programs, in addition to purchases and bank transfers.
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