According to the report, the documents seem to mention processing payments in both regular and cryptocurrency. As we know, Musk is a significant supporter of crypto – at the beginning of last year he began supporting Dogecoin, which turned it from a marginal joke into one of the main currencies in the world, and then announced that he would allow payment for Tesla cars in Bitcoin – which sent the currency soaring, then plummeted when a few weeks later Musk then repented and announced that he would not receive Bitcoin until the problem of the heavy air pollution caused by his mining was not resolved.
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Musk’s very attempt to turn Twitter into a payment platform is not surprising – Musk founded X.com in 1999, a kind of Internet bank that later merged with a competitor and became PayPal. In recent years, Musk has expressed an interest in reviving the initial idea of that company in a more contemporary version, and creating the “everything app”, which he even gave the nickname X, like the name of that company. What is surprising is the speed with which Musk works to realize the vision – submitting the necessary documents just one week after the closing of the Twitter acquisition is record speed.