Elon Musk Pushes for Crypto Integration With X.com : Twitter's Next Move !

Gm, Crypto Twitter enthusiasts! This is CoinBasics Coming at you with Elon’s Plan for World Domination!

Twitter is taking its payments game to the next level, and it looks like it could have a little something extra up its sleeve. But, That’s not why he bought Twitter!

To uncover why Musk bought Twitter, we need to go back to the initial days- the Paypal days.

Musk had founded a website called X.com, which merged with Peter Thiel’s company to become the entity known as PayPal.

In a talk Thiel gave in 1999, he said the internet and mobile phones would change how people interact with money; without the need for governments and banks.

Paypal’s original vision was to exist as a system outside the government.

But the infrastructure just didn’t exist. Though that didn’t come about, the payments part stuck to Musk’s DNA.

He bought back X.com in 2017.

When Musk pitched for the Twitter takeover earlier this year, his deck outlined a new product called X which he said would have 100 M+ users by 2028

Musk has also stated in his deck that Twitter will bring in payments revenue of $1.2 billion by 2028.

All these dots seem to be slowly connecting towards one theme, don’t they?

Let’s look at the team he’s put together once, don’t we?

Four people in particular- Jack Dorsey, CZ, David Sacks, and Sriram Krishnan.

Jack, apart from being the co-founder of Twitter, also founded Block which is one of the largest payment services companies in the US.

CZ, of course, is the founder of the largest cryptocurrency exchange Binance and an investor in the deal.

David Sacks (part of the Paypal Mafia) and Sriram Krishnan (partner at 16z) are well-known crypto believers and builders.

All this point to one thing- a payments platform integrated into one of the largest social networks in the world.

A super app of every sorts.

And that’s the real reason, why Musk acquired twitter.

He's been vocal about his vision for Twitter to become an "everything app" .

Wait a Second, Doesn't Sound New!

Yes, It’s been executed successfully before.

WeChat, acquired 1.2 Billion users in China.

Yep, The whole country on a single app for everything.

That’s Musk’s Plan for the rest of world, but to make it much more better.

Twitter "the everything app" .

Elon Musk has instructed developers to build the platform's payment system in a way that can accommodate crypto in the future.

While the payments feature will initially only support fiat currencies, it's clear that Musk has big plans for the role of crypto on Twitter.

Elon has even teased the idea of "Twitter Coins" for in-platform payments and tipping.

While rumors about a potential crypto wallet for Twitter have been circulating for some time, the recent images of the project make no mention of blockchain or crypto.

So, what's next?

If the U.S. licensing process goes smoothly, Twitter could be eyeing regulatory approvals on a global scale, and who knows, maybe crypto will be part of that journey.

But with what Musk’s been able to execute till now, this should be so obvious to everybody :

In the meantime, let's ponder the potential for a world where we can transfer money with a tweet. Exciting times ahead for the Web3 community!

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