Analysis Daily TheBitTimes.com

Elon Musk has said that his social media site X (formerly known as Twitter ) may charge users a fee to access the platform. The move is deemed necessary to tackle the bot problem that plagues the platform. Musk made his comments while speaking to Israeli Prime Minister Benjamin Netanyahu. The Tesla and SpaceX chief stated, “We’re moving to having a small monthly payment for use of the system.” Also Read: Morgan Stanley Analyst Predicts 60% Rally for Elon Musk ’s Tesla There is no confirmation from X, or Musk if this is just an idea or a soon-to-be-implemented protocol. Elon Musk has long teased the possibility of a fee on X to tackle the platform’s problem with bots. X already has a paid verification process where users can obtain a blue checkmark for a fee. However, the move has not helped reduce the number of bots that still run rampant on the social media platform. How likely is Elon Musk to charge for X? Source – Fox Business According to ...

Consistent improvements are quite essential for the evolution of any sector. With time, technology becomes obsolete, and a new void gets created. Well, such is the case with the traditional financial system at the moment. In fact, with the advent of DeFi and more transparent solutions, people have been flocking from one system to another. In a recent Twitter space, Elon Musk went on to highlight how existing traditional finance platforms are not up to the mark and have a lot of scope for improvement. He outrightly bashed the existent system and labeled it to be “very inefficient.” He called out the system for being centralized and heterogeneous. In effect, another new system could be created to fill the shoes. Specifically, Musk said, “I think there’s potential to create a more efficient financial system.” JUST IN: Elon Musk says Twitter plans to create a more efficient financial system than traditional banking. — Watcher.Guru (@WatcherGuru) May 16, 2023 Money is just ...

The popular social media app is looking to introduce crypto and stock trading options from within the app as Musk aims to penetrate financial markets. Popular social media platform Twitter is reportedly set to introduce a new feature that will allow users of the platform to trade crypto currencies, and stock s. The new feature is being launched in partnership with fintech firm eToro, reported CNBC. Twitter users will be able to browse market charts for a wider variety of financial instruments and purchase and sell crypto as well as other assets through eToro. The latest partnership between the social media platform and fintech firm will expand on Twitter's "cashtags" feature that currently allows users to view real-time trading data from TradingView. The new financial Features can be accessed via "view on eToro" tab that will take the users to the eToro's trading platform. The fintech company founded in 2007 introduced crypto trading Features in 2019 ...