"Finally Musk has just taken action, if not just keep quiet."
Willing to generate additional income, billionaire Elon Musk who successfully acquired the social media platform Twitter is in the process of applying for a state license in the United States (US) to use cryptocurrency as payment on Twitter.
Through Musk's plan, he wants to allow users to transfer or withdraw their funds through the platform.
In addition, Musk also intends to offer a high-yield money market account* that can encourage users to transfer their cash to Twitter easily.
*Pays significantly higher interest rates, but has transfer limits and few, if any, accounts allow individuals to spend money directly
It is reported that the platform is now ready to apply Bitcoin (BTC) through the Lightning network including Ethereum (ETH) avatars and non-fungible tokens (NFT) for "Twitter Blue" customers after a long time for users to wait for Twitter to support digital asset payments.
Earlier after Musk bought Twitter for $44 billion, many blockchain companies such as Binance contributed some funds to enable the platform to implement digital asset payments.
Recently, Musk appointed Esther Crawford to the position of Chief Executive Officer (CEO) for the payments division with the expectation that the business will have a profit of $1.3 billion by 2028.
It is also worth noting that the price of Dogecoin (DOGE) managed to see a surge in price past the level of $0.09288 immediately after the announcement by Musk about the crypto payment.
