Elon Musk particulars his plan to show Twitter right into a financial institution


Illustration showing Elon Musk in profile, in front of Twitter logos with a dollar sign inserted in place of the bird’s eye.
A penny in your tweets. | Illustration by Laura Normand / The Verge

Elon Musk appears intent on turning Twitter right into a financial institution, full with what he describes as a “high-yield cash market account,” debit playing cards, checks, and loans. He described his plans throughout a last-minute assembly with employees at present, and you may learn a full transcript of that right here.

Musk broached the subject of funds throughout his introduction, saying that “I believe there’s this transformative alternative in funds,” including that the purpose is “enabling folks on Twitter to in a position to ship cash wherever on the planet immediately and in real-time. We simply need to make it as helpful as attainable.” He stated that the function, together with “video content material and compensating content material creators” and bettering search, is a “excessive precedence.”

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