Posted 12/22/2023, 4:36:25 PM
Musk: Twitter payments launching 2024, but crypto not a priority
- Elon Musk says payments could launch on Twitter by mid-2024, but he's not focused on crypto anymore despite past enthusiasm about Dogecoin
- Musk feels current fiat currencies work fine for allocating resources as long as governments don't interfere too much
- Tesla still has over $184 million in Bitcoin, but amount hasn't changed in recent quarters
- Twitter has gained money transmitter licenses in some states, allowing it to introduce payments services
- Musk estimates payments on Twitter could generate $1.3 billion in annual revenue for the company