Twitter, a.k.a X, has created an official account that is dedicated to informing platform users about the payments on Twitter. Seeing that Elon Musk has taken an action that may integrate a cryptocurrency, Bitcoin, or his favorite coin: DOGE, the Crypto Twitter community started to talk about it.
Among some of the rumors, there are serious ones such as a partnership with eToro. As you may know, it is a service provider that offers both crypto and other assets to its customers. Assuming that an integration of X to let premium users convert their USD earnings easily, it would mean that some people may get paid in Bitcoin in an indirect way.
This is the first rumor that people give more credit. There are some more:
First Phase of Twitter Trading Platform
This is one of the updates with great potential to energize the markets. Recently it became a hot topic that people talked about because a social media took steps to be like an exchange of assets. Of course the idea of " Everything App " covers the monetization in nature. What makes the strong interesting is that Elon Musk is capable of creating new products that change the paradigm such as Starnet, Tesla's electric cars or Space X!
The debut of such a project would be beneficial for crypto as well. Basically, Bitcoin is an " accepted " asset that is invested via Exchange Traded Funds. No single issue can occur if a payment system / trading project provides some ways for X Premium users to get paid indirectly in Bitcoin ETFs via third - party services.
A Litte Piece of Marketing
Elon is a genius and creating a new account with the logo of Twitter and only " 💰 " symbol on it sounds like a brand new method of creating a hype and 0 cost marketing strategy.
The account with 0 tweets has already reached 30K followers because any type of content that will only be shared via this platform might give an opportunity to take position in news - trading strategies. There is also a group of people supporting the idea that DOGE coin integration may come with this account.
Unfortunately, though this would pump the market hard, I do not think such a thing can happen while the market is in this situation. Any type of hype by Elon never comes before the price of Bitcoin breaks above the latest all - time - high level of $69K.
I expect some payment news and ads on this new official platform contrary to what Crypto Twitter community expects. Considering the timing and market cycle, Elon does not care about crypto yet 😅 By the way, I do not think Xpayments can compete with LeoAds by InLeo! The real form of Web 3 is devastating 🔥
What do you think about the new payment account on Twitter?
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Posted Using InLeo Alpha
