Twitter will incorporate cryptocurrency transactions
The social network will have an association with the eToro platform, which will bring with it the possibility of trading with cryptocurrencies
Twitter, the popular social media platform owned by Elon Musk, is set to introduce a new set of financial features that will enable asset trading directly from the app in partnership with eToro, a global multi-asset investment firm, according to a report. from CNBC.
The new feature builds on Twitter’s “Cashtags” feature, which allows users to view real-time trading data for a variety of assets, including cryptocurrencies, from within TradingView. The partnership with eToro will further expand this feature to cover a wide range of instruments and asset classes, directing users directly to the eToro Finance app to access asset trading services.
The partnership between Twitter and eToro is seen as a perfect match, as the social network is popular with investors and retail traders, and eToro is known for its focus on the intersection of social and finance, especially with its “social trading” that allows users to imitate the trading strategies of others.
This partnership is also in line with Elon Musk’s plans to turn Twitter into a “super app”, an ambition he has previously expressed. Under his direction, Twitter has been seeking regulatory licenses to operate in the payments business in the United States and has been working internally on a payments function. In addition, Musk recently changed Twitter’s corporate name to X Corp, after merging with a shell company of that name, signaling his vision of turning the platform into a super app, as has become popular in Asia with apps like WeChat that They offer a wide range of services.
eToro CEO Yoni Assia hopes this partnership will allow them to reach new audiences and better connect the Twitter and eToro brands. The exact details of the financial features that will be added to Twitter have yet to be revealed, but this partnership is expected to be an exciting step in the expansion of financial services on the social media platform.
K. Tovar
Source: Diariobitcoin
(Reference image source: file)
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