The new owner of Twitter, Elon Musk, said on Wednesday that he plans to introduce a payment system on the social network and offer other financial services such as debit cards and bank accounts.
Musk's plan was disclosed in a public conversation on Twitter Spaces, the social network's live audio service, in which the philanthropist confirmed his intention to transform the platform into a kind of "application for everything", offering, among other things, systems messages, payments and purchases.
The businessman hinted that, in an initial phase, these services would only be available to subscribers of Twitter Blue, the paid subscription that will now also give its subscribers the blue check previously reserved for verified accounts.
According to the Tesla owner, among others, it is being considered that whoever pays the monthly eight dollars for Twitter Blue you may have the option to send money to someone else on the social network and link your bank account to the platform.
The next step, he guaranteed, may be to offer bank accounts that yield high interest rates and, later, debit cards or checks may be incorporated, for example.
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Some tech companies, like Apple, currently offer savings accounts, as do companies that specialize in digital payments, like PayPal.
Musk has extensive experience in this field, having co-founded X.com, one of the first digital financial platforms, which was later merged into PayPal.
On Wednesday, it was also learned that Twitter sent the necessary documentation to the US authorities last week to process the payments, according to a note detected by The New York Times.
The new Twitter owner also confirmed that he intends to bet more on video and make it easier for content creators to obtain revenue from publications on the platform.
Although he spoke on several subjects, Musk addressed his Twitter Spaces session to advertisers, after several companies chose to cancel their advertising on the social network due to doubts about its operation and its future in the hands of the man who is the most richest man in the world, with an estimated fortune of around 201,3 billion dollars (equivalent in euros).
Musk sought to reassure advertisers by once again ensuring that, despite his pledges to protect freedom of expression above all else, he does not want problematic content to be disseminated on Twitter.
