Although the world's richest man may be attempting to calm the nerves of Twitter employees, it's fair to say that these workers may still have a lot to be worried about.
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Elon Musk has declared that it "makes sense" for Twitter to integrate crypto payments.
The billionaire was speaking at an all-hands meeting with the social network's staff — despite the fact that his planned takeover has stalled in recent weeks. According to CoinDesk, he said:
"Money is fundamentally digital at this point and has been for a while… It would make sense to integrate payments into Twitter so it's easy to send money back and forth."
It's worth noting that Twitter has dabbled in cryptocurrencies for some time. Users can accept tips in Bitcoin and Ether from their followers, and the social network also supports NFTs as profile pictures.
And back in July 2021 — when he was Twitter's CEO — Jack Dorsey declared that Bitcoin will be a "big part" of the company's future.
The all-hands meeting is significant because it suggests that Musk is still interested in buying Twitter, despite his earlier concerns that the tech giant has more fake users than official figures suggest.
What Else Did Musk Say?
Elsewhere in the virtual meeting, Musk suggested that Twitter may end up shedding staff because of the economic climate, and said:
"Costs exceed revenue. That's not a great situation."
He doubled down on his vision for Twitter to reach a billion users — four times more than at present.
And Crypto Twitter might be breathing a sigh of relief after he clarified that, while he believes that all humans on the social network should be verified, he doesn't plan to compel users to reveal their real names.
Overall, Musk wants to ensure Twitter is "so compelling that you can't live without it" — a mantra that the billionaire has mastered given his tendency to make big announcements at random to his 98 million followers.
Although the world's richest man may be attempting to calm the nerves of Twitter employees, it's fair to say that these workers may still have a lot to be worried about.
He has publicly criticized some senior executives, questioned the site's moderation policies, declared that he intends to reverse Donald Trump's permanent ban, and condemned Twitter's work-from-home policy — calling for the firm's headquarters to be turned into a homeless shelter.
In other developments, a disgruntled crypto investor is suing Musk, Tesla and SpaceX for $258 billion after claiming they all played an instrumental role in running a "Dogecoin pyramid scheme."
