The famous entrepreneur Elon Musk made a motion while meeting with Twitter employees. The CEO believes it is high time that Twitter integrates crypto payment on the platform.
The crypto payment integration may likely occur if Musk finally becomes Twitter’s CEO. Earlier, there were speculations that Dogecoin might be Twitter’s payment option.
According to reports, the CEO noted Twitter should have a direct payment option for users. Musk believes that the integration would allow for the smooth transfer of funds between Twitter users.
“My goal is to maximize the full potential of Twitter. The more the uses it offers, the better. If people can use Twitter to make easy payments, that is usefulness,” he added.
Also, Musk remarked that payment for entertainment and news are areas to look at. This is because of the high amount of user activity in such categories.
Twitter Acquisition Long Overdue
On the 25th of April, Twitter noted that it had accepted Elon Musk’s proposal. The Tesla CEO had announced on his Twitter page that he wished to buy the social media giant.
Musk’s proposal revealed he was buying Twitter for about $44 billion. When the deal is complete, Twitter will become a private company. Musk believes that this would give provision for free speech.
However, it has been over two months since Twitter’s announcement. Yet, the deal has not materialized. At some point, there was some scuffle between both parties.
The Twitter board made Musk a member of the board of directors. Unfortunately, the billionaire rejected the position citing he wanted the whole company.
According to Musk, Twitter has allowed different spam accounts to operate on the platform. His first plan on acquiring the company is to get rid of all the robots.
Trouble Ahead For Elon Musk
According to recent reports, Musk has received a lawsuit. The complainant accused the billionaire of being the mastermind of an alleged “crypto pyramid scheme.”
Meanwhile, Musk is famous for tweets about the meme coin, Dogecoin. The complainants who had lost funds after investing in Dogecoin blame Musk for misleading them. The lawsuit also accused SpaceX and Tesla of being part of the scheme.
On behalf of the group, the lawsuit demands a settlement of over $258 billion. Furthermore, the initiator of the case is Keith Johnson. However, Elon Musk, SpaceX, and Tesla are yet to comment on the issue.