Home Latest News Elon Musk is a crypto fan. Will this change Twitter? – Deseret...

Elon Musk is a crypto fan. Will this change Twitter? – Deseret News

Ads

Tesla CEO Elon Musk speaks before unveiling the Model Y. Musk recently bought Twitter, and many people are wondering what changes will come to the social media platform.
Jae C. Hong, Associated Press

Elon Musk acquired Twitter this past week and people are buzzing about the possible changes coming regarding bots, account deactivation and free speech protocols. But what about the impact on the social media site’s crypto ecosystem? What changes may come now that Musk is in charge?
Why it matters: Cryptocurrency dominates many of the conversations on Twitter. There have been over 1 billion tweets about crypto since 2020, with 299 million of them being tweets from this past year alone, according to Hypebeast.

What he’s saying: “Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it,” Musk said in a statement announcing the deal.

Details: Musk says Twitter Blue users should have the option to pay for the $2.99 a month premium subscription service in dogecoin. With his new ownership over Twitter, payments for future services in other crypto like bitcoin or ethereum may become available.

Ads

The big picture: Elon Musk yields power, whether good or bad, over the Twitter crypto world. The milestone $43 billion Twitter deal could have an influence on the recent stock market and crypto carnage.

By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.
Copyright © 2022 Deseret News Publishing Company. All Rights Reserved

source

Ads
Previous articleGalaxy S22 Plus review: This is the Galaxy you're looking for – ZDNet
Next articleLeading Ethereum (ETH) Competitor’s Price Falls by Double Digits After Network Crashes – The Daily Hodl
He is well known among his circle for his incredible attraction towards smartphones and tablets. Charles is a python programmer and also a part-time Android App developer.