Why Twitter’s Latest Move Could Have a Serious Impact on Bitcoin, Other Cryptocurrencies

Published by
The Street

By Jeffrey Quiggle Twitter is in the process of establishing a payments system that might one day include the use of crypto. Twitter CEO Elon Musk has been looking for ways to further monetize the social media platform since taking over last October. In November, he increased the price of Twitter Blue, the premium service that involves account authentication, to $7.99 per month. At the time, Musk said it was an effort to combat fake accounts that post misinformation and hate speech. He reasoned that people or institutions running bot farms would be deterred from managing thousands of accounts …

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