EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Crypto News

Elon Musk Could Bring More Crypto Use Cases Into Twitter

Admin by Admin
October 31, 2022
in Crypto News
0
Elon Musk’s Vision: Turning X Into An All-In-One Financial Hub
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter
Event Event

Elon Musk became Twitter’s owner after his $44 billion deal to take over the firm officially closed. Marking a new era for one of the most influential social media platforms in the world.

Musk, who is one of the most significant crypto influencers globally, might bring more cryptocurrency into Twitter. According to Bloomberg, if Musk decided to play a bigger crypto role on Twitter, there are some ways he could do it.

Bots and spam on Twitter have been a huge concern for Musk and helped trigger a contentious legal battle that put his acquisition of the firm at risk.

The issue is particularly important in cryptocurrency, where spam accounts impersonate famous personalities like Musk in order to promote scams involving fake crypto giveaways.

Some crypto enthusiasts believe that Musk may advocate for the use of blockchain to help reduce bots on Twitter and authenticate all real humans on social media.

Freedom of speech is a priority for Musk, and he intends to lift the company’s lifelong bans on users. Those values align with those of most crypto believers dedicated to the ethos of the decentralization promoted by blockchain.

Musk could potentially implement a token-based voting system that allows users to have more say over what occurs on Twitter. He also could add more crypto elements on Twitter to expand decentralization aspects and mainstream usage of digital assets.

cryptocurrencies

Musk has already expressed ambitions of turning Twitter into a “super app.” In the past, he expressed admiration for China’s WeChat platform, which can handle things like messaging, games, payments, and video streaming

Just like other aspiring super app creators, such as the Revolut fintech firm, expanding into crypto, Musk’s vision would like to include digital assets on Twitter, allowing more cryptocurrencies for tipping, and with Dogecoin much likely to be included, as Musk has been a major supporter of DOGE.

Other mainstream social media platforms like Instagram are jumping into the NFT craze. Musk could introduce more NFT features on Twitter to ensure Twitter doesn’t fall behind other social media giants in terms of cryptocurrency adoption.

On Thursday, Elon Musk took ownership of Twitter Inc with renewed commitment and brutal efficiency. Though, the executive has not provided detailed clarity over how he intends to achieve the ambitions he outlined for the influential Twitter social media platform and who will run the firm.

Just to mention a few, the Tesla CEO and self-described free-speech absolutist said he wants to prevent Twitter from becoming a platform for hate and division. Other goals include wanting to defeat spam bots on social media and making the algorithms that determine how content is presented to its users publicly available.

Since his presence and support for the crypto space are widely evident, users are now curious to know how Twitter will embrace cryptocurrency on its platform.

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: CryptoElon MuskTwitter
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Crypto Market Affected By The Bear Run

Next Post

Crypto Scam Report Shows Links To Web 3

Admin

Admin

Next Post
Largest Metaverse Platform Utherverse To Launch Next Generation Web3 Closed Beta Sept. 26

Crypto Scam Report Shows Links To Web 3

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Axie Infinity price

Axie Infinity Price Eyes 25% Gains Ahead of the Token Unlock

April 21, 2023
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance Pauses UK New User Registrations

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
Pando’s 19b-4 Filing Sparks Excitement In The U.S. Bitcoin ETF Race

Pando’s 19b-4 Filing Sparks Excitement In The U.S. Bitcoin ETF Race

December 11, 2023
AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023

Recent News

Pando’s 19b-4 Filing Sparks Excitement In The U.S. Bitcoin ETF Race

Pando’s 19b-4 Filing Sparks Excitement In The U.S. Bitcoin ETF Race

December 11, 2023
AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023
Inflation and Forex market

Roles of Inflation in Forex Market

December 8, 2023
Why Investors should own Tether USDT

Why Should Investors Own Tether (USDT)

December 8, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

Pando’s 19b-4 Filing Sparks Excitement In The U.S. Bitcoin ETF Race

Pando’s 19b-4 Filing Sparks Excitement In The U.S. Bitcoin ETF Race

December 11, 2023
AUD USD pair

AUD/USD Stalls Right Above 0.6600

December 8, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>