Elon Musk has often faced criticism ever since he acquired the social media giant, Twitter. Musk had also begun implementing numerous changes to the social media behemoth from day one of the acquisition.
Watcher.Guru had earlier reported that Twitter had begun applying for regulatory licenses to enter the payments business in the US. The report that went live on Jan. 30 stated that Musk’s social media platform is curating software to enter the payments realm.
Also read: Jerome Powell Says He’s Been Watching the Crypto Space and the Turmoil
Musk recently spoke at Morgan Stanley’s Technology, Media & Telecom Conference, where he voiced his goal for Twitter in the payments realm.
Can Elon Musk’s Twitter emerge as the biggest financial institution?
Speaking at the conference, Musk stated that it is possible for Twitter to become the “biggest financial institution in the world.” It is a part of his larger vision to make Twitter an “everything app.”
He also said at the conference that 800,000 accounts that distributed child sexual abuse material in February were suspended. The actions definitely speak louder than words, as it is definitely a positive step towards making Twitter a better platform.
Also read: Was Nov 2022 Bitcoin’s Bottom, or Will 2023 Prove Otherwise?
Considering his relentless workaholic nature and desire to achieve a goal, Musk is likely not the person to give up on a vision, especially if he envisions Twitter becoming the world’s largest financial institution.