• Wed. Jul 17th, 2024

Twitter Users Will Soon be Able to Buy Crypto and Stocks Directly From Their Accounts

Xavier Jackson

ByXavier Jackson

Apr 13, 2023

Are you a Twitter user? Well good news, you can now buy crypto and stocks without leaving your Twitter account. This is made possible through a partnership between Twitter and eToro.

Elon Musk the CEO of Twitter is making this happen to give Twitter users real-time access to investment assets. Through a feature known as Cashtags, you can access trading information that will let you buy or sell assets on the go.

This is simply  done by using a dollar sign instead of a hashtag to see information about the asset. It is one of the many changes that Musk has brought to the company since he acquired it for $44 billion last year.

He has also introduced the Twitter Blue feature which requires that users pay $8 a month to be verified and then in return enjoy some advantages such as increased visibility among others.

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Elon Musk and Cryptocurrencies

Musk acquired Twitter with the primary aim of ensuring free speech on the platform. However, he has brought about major changes to the platform since its acquisition.

One of these changes is the recent replacement of the Twitter blue bird logo with the Dogecoin logo. Although it was short-lived, it was a fulfillment of a dream he had even before buying Twitter.

Meanwhile, Musk has been a major fan of Dogecoin long before his acquisition of Twitter. He has contributed directly to the price growth of the meme coin which also encouraged the proliferation of other meme tokens such as Shiba Inu and the likes.

Following the change of Twitter logo to Dogecoin logo, the price of the coin went up 30% in one night, which is just one instance in which musk has pumped its price.

Although he has been silent about Bitcoin and claims not to hold any, he has demonstrated once and again that he is into Dogecoin and because of that, Dogecoin developers have revived hope and are now working on a project that seemed doomed.

Increasing Access to Crypto

By allowing users to access crypto and other assets, Musk is directly increasing the public’s exposure to crypto assets which can lead to significant growth for the industry.

Twitter has roughly 450 million active monthly users and most of this number may not be involved with crypto yet. However with this development, all of them can fnally access digital assets if they want to.

For most people, the challenge is how to reach and buy these assets, which Musk is taking out of the way.

Rather than just use Twitter to hang out, users can finally look forward to having some investments through the platform which is a major achievement fin Musk’s dream of making Twitter an “everything” platform in the near future.

Xavier Jackson

Xavier Jackson

Xavier Jackson is a talented and versatile news writer with a knack for delivering compelling stories. With a dedication to accurate reporting and a captivating writing style, his articles provide readers with insightful and thought-provoking perspectives on current events.

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