Elon Musk Hints Twitter Will Integrate Crypto Payments if His Takeover Bid Is Successful

Tesla CEO Elon Musk has instructed integrating crypto funds into Twitter. “My objective can be to maximise the usefulness of the service,” he instructed Twitter’s workers in his first all-hands assembly with them.

Twitter’s First All-Hands Meeting With Elon Musk, Integrating Crypto Payments

Tesla and Spacex CEO Elon Musk, who might turn out to be the brand new proprietor of Twitter Inc., had his first all-hands assembly with Twitter’s workers Thursday.

Musk answered many questions on how he plans to run the social media firm if his bid to purchase Twitter is profitable. However, the $44 billion deal is at the moment on hold, and Musk has accused Twitter of a fabric breach of the merger settlement.

During the assembly, Musk talked about crypto a number of occasions, in keeping with a leaked transcript of the assembly and a leaked video posted by Project Veritas.

Leslie Berland, Twitter’s chief advertising officer, requested Musk: “Can you discuss just a little bit about Twitter and funds?”

The Tesla boss started by stating that “cash is basically a type of info,” including that it’s “essentially digital.” He added:

I believe it will make sense to combine funds into Twitter in order that it’s simple to ship cash forwards and backwards, and fiat forex in addition to crypto — basically, no matter someone would discover helpful.

“So my objective can be to maximise the usefulness of the service — the extra helpful it’s, the higher. And if one can use it to make handy funds, that’s a rise in usefulness,” he clarified.

Crypto Scams and Spam Accounts

Berland additionally requested Musk about some issues he sees with Twitter. The Tesla CEO replied:

There’s positively an ongoing problem with Twitter with bot accounts and spam accounts. There’s numerous crypto scams on Twitter.

“It’s gotten higher, however there’s nonetheless a good bit of that,” he continued. “There are additionally individuals the place they’re not essentially bots, however they could be working. You know, one particular person’s working lots of of accounts and making an attempt to make them seem like people, however they’re not.”

Musk beforehand stated that the spam bot is the single most annoying problem on Twitter and he vowed to defeat it “or die making an attempt,” if his bid to purchase the social media platform succeeds.

Transparency, Trust, and Free Speech

Musk additional defined to Twitter’s workers: “I believe it’s extraordinarily necessary that there be transparency. So that’s why I’m an advocate of getting the algorithm be open supply so that folks can critique it, enhance it, determine bugs, probably, or bias.”

Noting that “transparency clearly will increase belief,” the Spacex boss emphasised:

I believe that belief is extraordinarily necessary, after which simply the usefulness of the system — eliminating type of troll farms and bots and spam is extremely necessary.

Regarding free speech, Musk stated: “I believe it’s important to have free speech and to have the ability to talk freely … It’s free speech throughout the context of the legislation. So I’m not speaking about suggesting that we simply flout the legislation, as a result of we’ll simply get shut down in that case.”

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