Musk also described himself as a “supporter of Bitcoin” during a talk on the social media site Clubhouse. Musk previously dabbled with crypto at Tesla, with the company buying $1.5 billion in Bitcoin and announcing a plan to accept the cryptocurrency as a payment method in February 2021. ![]() “He’s been trying to disintermediate ACH his whole career,” she said, speaking about the electronic transfer system used by banks. In October, after Musk assumed the CEO position at Twitter, Caitlin Long, the founder and CEO of crypto-focused Custodia Bank, told Fortune that Musk’s long-term goal is to disrupt the payments industry. Tesla CEO and cryptocurrency champion Elon Musk on Thursday posted a raunchy tweet about bitcoins record high of 69,000 the day before, prompting responses from thousands of users. ![]() While Musk said that fiat currency is the platform’s first priority, he has told people familiar with the plan that crypto functionality also could be added.Īdding payment tools would play into Musk’s long-term vision of building Twitter into a super app-he’s used the term “everything app”-such as WeChat, which includes everything from messaging to shopping to PayPal-like features. by Bitcoinist 1 year ago in Altcoins, Bitcoin Elon Musk will acquire popular social media platform Twitter for 43.4 billion.
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