Twitter could have an internal payment system

The social network, recently acquired by Elon Musk, would be considering the possibility of creating an internal payment system

The current owner of Twitter, Elon Musk, is trying to monetize the social network with plans that change every day, but that seem to be moving towards the establishment of an internal payment system in the long term.

Musk previewed some of his plans during a live meeting held this Wednesday at Spaces, focused on advertisers and the future of the platform, which include money transfers, for which the company has already registered with the Control network. financial crimes, belonging to the office of the United States Department of the Treasury.

Another novelty will be the commitment to video, in order to support the ecosystem of content creators. It would follow the paywall that the company is already working on, which will allow users to unlock audiovisual content in exchange for payment.

In this service, the creators would have control over the price, determining a payment of between one and ten dollars, according to the first information.

Musk explained that in order to bet on video, and for creators to be able to monetize their content, they first have to implement the necessary architecture to be able to support it on the social network.

Likewise, the businessman pointed out that this payment wall, together with the verification process, will be at the base of his payment system. In fact, Musk added that any user who is subscribed to Twitter Blue would have already been verified by the “mainstream payment system.”

K. Tovar

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Source: Hipertextual

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