Twitter Granted 3 Money Transmitter Licenses, Possible Bitcoin Integration?

[mendace]

Elon planning to integrate payments on Twitter is not a new thing really because he bought Twitter for the exactly that thing, to make it an "everything app" where you will be able to do all sorts of things, similar to how WeChat in China is being used.

Wasn't facebook planning to create a coin called Libra that would be used as an inner payment form in chat between users? But they failed, as far as I remember this idea got rejected by national banks.
US regulators are very strange, I'll be shocked if they allow twitter to use Bitcoin as an inner payment method in chat between users.

If he was  a true Bitcoin fan he woulnd't remove it as a mean so payment for Tesla due those bs enviromental concerns. To me he is more of an opportunist when it comes to Bitcoin.

Elon is a businessman, not a Bitcoin fan or enthusiast. Man played with coin like cat plays with mouse. Made people to invest in coin and when the price rose up, he sold coins, took the money out from this pool and made profit. He did it with Bitcoin and Dogecoin. People easily forget

Exactly Facebook too I was planning to use their libra token but then everything fell through due to the regulator, but perhaps the difference lies precisely in the fact that Elon will use (maybe) Bitcoin which is a ready-made and uncensorable peer-to-peer payment system while Facebook was trying to create it from scratch and himself, so they immediately stopped the project before it was too late and it could give too much advantage (in the sense of power) to a company like Facebook while Bitcoin doesn't give any advantage because if Elon declares everything is in order with the taxman since owning Bitcoin is not illegal.

[TimeTeller]

With Elon onboard, we can definitely expect some cryptocurrency integration into Twitter's native platform. But it might not be Bitcoin. While Elon is very much bullish on Bitcoin, he sees it as an investment rather than a currency system. The chances are higher for cryptos like Dogecoin or ETH which are faster and cheaper as a currency.

But it's too early to judge whether it will be good for the market or not. Also it's too early to say if cryptos are going to be integrated or not.

But whatever crypto he's thinking to integrate on this platform, for sure it will give positive impact towards the crypto market.
By the way, ETH is not cheap when it comes to tx fees. But I can agree with doge, it has high likelihood of getting deployed in this social media.
So now, people are anticipating on the next progress for this news. Some people may be on the buying spree already for doge.
We can't deny the fact that Elon has influence on this market. So we can't say, he's not doing anything when it comes to popularity of crypto.

[ChiBitCTy]

Even though I absolutely can't stand Elon Musk , and I think he's overall a narcistic lunatic who absolutely loves himself, he is a smart businessman and he does have some experience in this space, being one of the former owners of PayPal.  I think Elon sees an opportunity in that he's got this big social network with millions of subscribers and he's got this amazing platform to be able to market some new business ventures and being that he's got experience in the money transmitting space, this would be a no brainer for him. 

My guess is he would implement both crypto and traditional payments.

[FinneysTrueVision]

We really don't need a new payment app. The way Twitter has been run since Musk took over does not give me confidence to trust them with custody of my funds or with my financial information. Even if they add crypto they will also add shitcoins like Doge. According to Cointelegraph, Twitter also intends to create their own cryptocurrency. Facebook already failed with this experiment, I don't see Twitter doing any better. Something that is custodial and promotes shitcoins doesn't interest me at all. The only benefit I can see to this would be that perhaps people who have been deplatformed from PayPal might find a payment app willing to provide them their service.

[ZAINmalik75]

What are your thoughts on Twitter potentially enabling crypto payments? Do you think it would enhance the overall Twitter experience and provide new opportunities for businesses and users alike

I think this is all just a trick against Mark Zuckerberg. Just to make him feel like he is still a step behind or something like that. Because we all are aware of the conflict b/w them and now when Facebook has introduced a new update of threads in the comment sections. Many social media users have started to roast Meta and they are just using three keys from the keyboard to make this update.

Which are CTRL+C and CTRL + V. Even Elon has interacted with such memes by replying with a smile sticker. This means, this step could be a counter reply to their update of threads or if we check the history we can also say. Elon has had this plan from the start or at least from a while ago. Because few months back he announced to use Doge token as a payment method on Twitter. Which increased the trading volume of doge token overnight.
If BTC is integrated into Twitter then I hope sending money from one Twitter account to another will cost lesser then sending from any wallet to another. This will definitely open new doors for businesses. Which was facing high fee problems.

[Blitzboy]

Its fascinating and, on the surface, welcome. Integrating payments, especially Bitcoin, is exciting. It could boost Bitcoin's mainstream popularity by adding functionality. However, risks must be considered. Payment integration could worsen social media's data security issues. Social-financial relationships may provide new concerns. Twitter's history cautions against this. This may boost Bitcoin's acceptance. Twitter transactions with Bitcoin could boost the cryptocurrency. Bitcoin's prominence and viability as a transactional money would increase.

[worle1bm]

Elon planning to integrate payments on Twitter is not a new thing really because he bought Twitter for the exactly that thing, to make it an "everything app" where you will be able to do all sorts of things, similar to how WeChat in China is being used.

Right as in the past tipping system was introduced where you can send few bucks to anyone whom you like so it's not a new thing for him.Moreover he is trying to make it a business platform rather then social media community for his profit motives.

If he was  a true Bitcoin fan he woulnd't remove it as a mean so payment for Tesla due those bs enviromental concerns. To me he is more of an opportunist when it comes to Bitcoin.

He also took undue advantage of his influence in market to make money from doge and yes he's not the one promoting btc but only want to take advantage of people whenever possible like tesla accepting payments and then selling his stuff also.

[SmartGold01]

What are your thoughts on Twitter potentially enabling crypto payments? Do you think it would enhance the overall Twitter experience and provide new opportunities for businesses and users alike

This is creating more harm to its users, creating more opportunities for scammers, and also creating more chances for losing one asset. From my greatest understand and knowledge social media platform is one of the common places to scam people. Reason being that, no ones monitor's your chat and to what discussion and business deal they had. There are lots people who impersonates influential people on social media and coupled with Elon Musk issuing out blue-check marks to any accounts without being the previous way of operation has made it very common for scammer to flood into the platform.

Enabling payment system is like a great opportunities for those people to swiftly carry out business deal without having an external body knows about their transactions for example like banks, most at times bankers have saved lots of life's from losing their hard earn money from scammers by which clients going to banks to make payment, bankers always questions their transaction and to know what business deal that brought up this huge transaction and immediately they mentioned twitter or Facebook or IG payment they stop them no to make such payment that it is a fraudulent business deal.

So to me I don't see it to be a good news or good opportunities to its users.