Twitter pressed the button for cryptocurrency payment system

Twitter, which has recently come to the fore with its changes in the flow, pressed the button for crypto money payments. According to the news published in the Financial Times, Twitter has started working on a payment system to allow payments with cryptocurrencies such as Bitcoin on the platform.

According to the shared information, the new owner of Twitter, Elon Musk, wants the payment system in question to primarily support fiat money systems. After this step, the payment system is planned to support cryptocurrencies. 

If you remember, in November 2022, Elon Musk stated that he wanted to offer banking services on Twitter. With this statement, Elon Musk, who said that there was a transformative opportunity in payments at that time, stated that there was not a big difference between sending a direct message and sending a payment. 

According to the information shared, Twitter registered with the US Treasury in order to become a payment processor during the same period. Sources close to the subject state that new legal processes are also on the agenda in order for the company to obtain the necessary license. According to sources, with the payment layer, Elon Musk wants to support users to support content creators directly and pay each other. 

It should be noted that after the news spread, DogeCoin reached its highest level in the last 24 hours.