Elon Musk’s Payments Vision for Twitter Takes Shape, Small Team Tasked to Build Infrastructure – Bitcoin News
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Elon Musk’s vision for payments on Twitter is taking shape, with a small team being tasked to build the necessary infrastructure. The news comes after the Tesla and SpaceX CEO hinted at the possibility of payments being integrated into the popular social media platform.
In a recent tweet, Musk hinted that he was looking into the possibility of creating a payments system on Twitter. The tweet was met with enthusiasm from his followers, who responded positively to the idea.
Now, it appears that Musk is taking steps to make his vision a reality. According to a report from The Information, a small team of engineers has been tasked with building the necessary infrastructure to enable payments on Twitter.
The team is reportedly being led by former Square executive and current Twitter CTO Parag Agrawal. Agrawal is said to be working with a team of engineers to develop the necessary infrastructure for payments on the platform.
The team is said to be exploring a number of different options for payments, including the use of cryptocurrency. This is in line with Musk’s previous comments about the potential of cryptocurrency, which he has described as “a good idea”.
The team is also said to be looking into the possibility of using existing payment systems such as Apple Pay and Google Pay. This could make it easier for users to make payments on the platform, as they would not need to set up a new account with a third-party service.
It is unclear when the payments system will be launched, but it is likely to be some time in the near future. The team is said to be working on the project in secret, and it is unclear if they have made any progress yet.
It is also unclear how the payments system will work, or what it will be used for. It could be used to make purchases on the platform, or to send money to other users. It could also be used to facilitate payments for services, such as tipping content creators.
Either way, it is clear that Musk is serious about his vision for payments on Twitter. With a small team already in place to build the necessary infrastructure, it is likely that we will see some form of payments system on the platform in the near future.
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