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Elon Musk is one of the most popular names in the world. Not only is he the CEO of SpaceX and Tesla but he has also signed an agreement to purchase Twitter. While the sale has not been completed yet, Musk has still shared some intriguing plans with the employees.
As per reports, the centibillionaire has several plans for Twitter once he officially takes over the social media platform. It has also been reported that Twitter is providing the essential data to Musk to help move the deal forward.
With Musk’s ambition to purchase Twitter and likely to integrate the use of crypto assets somehow, many are left to wonder if it will help boost the crypto market in any way. While nothing can be said with certainty about the cryptocurrency future, the details of Musk’s plans can be seen below.
If you are interested in digital assets and are a beginner then you first need to know some tips for getting started in crypto.
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What Has Elon Musk Discussed in his First Full Twitter Meeting?
The Tesla CEO and future owner of Twitter held his first full meeting with Twitter employees yesterday. He discussed his plans for the social media platform, which includes plans for crypto as well.
During the meeting, it was confirmed by the centibillionaire that crypto payments are a feature that can be added to Twitter.
As compared to the Bitcoin tipping added by the previous Twitter CEO, Musk has a more extensive plan.
Musk stated:
“It would make sense to integrate payments into Twitter so that it’s easy to send money back and forth.” This can include both fiat and crypto assets.
He also stated that as the owner of Twitter he wants to make full use of the service and make Twitter “so compelling” that people cannot live without it.
According to Musk, there are three critical areas and payments are one of them. He also compared digital payments with PayPal and stated that “money is fundamentally digital at this point, and has been for a while.”
Alongside the plans to introduce crypto payments, Musk has also emphasized the importance of eliminating scams on the social media platform. He aims to make Twitter’s anti-bot algorithms accessible for public review and add an optional paid-tier service for identity verification.
The addition of crypto payments on Twitter can have an unpredictable impact on the crypto market. However, if you are interested in becoming a crypto investor, make sure you opt for the best crypto exchange that prioritizes your security and suits your needs the most.
What Should you Know as a New Crypto Investor?
The crypto space is not only volatile but a vast place as well. Several aspects play a major role in the kind of crypto investing or trading experience you have as a beginner.
However, the overall experience of buying crypto can be hassle-free and less challenging if you have some helpful information.
As a novice investor, here are some tips you need to know.
- Make sure you opt for the lowest fee crypto exchange that ticks all the right boxes for you in terms of available features.
- Start by investing a small amount.
- Monitor the price movement of the digital asset you want to buy.
- Know when to invest.
New crypto investors looking to buy Bitcoin or Ethereum can click on SwissBorg or Kraken (U.S. citizens).
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