Twitter Could Soon Enable Trading Stocks, Bitcoin As Elon Musk Reportedly Inks eToro Partnership
This news release may be of interest. Here it is in full:
Twitter has reportedly announced a new partnership with eToro that will enable users to view market charts and trade stocks and cryptocurrencies.
What Happened: According to CNBC, the move is part of Elon Musk‘s plan to transform Twitter into a super-app that allows users to access multiple services in one place.
With the eToro partnership, Twitter’s “cashtags” will expand to cover a more extensive range of instruments and asset classes, according to an eToro spokesperson, CNBC quoted.
Currently, Twitter cashtags show major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE). This was in partnership with Robinhood.
Users will also be able to click a “view on eToro” button that takes them directly to eToro’s site, where they can buy and sell assets on the platform. EToro uses TradingView as its market data partner.
Elon Musk’s first fortune was built on the sale of PayPal which was one of the original online payments mechanisms. He is apparently looking to repeat that success by turning Twitter into a payments platform.Click HERE to subscribe to Fuller Treacy Money Back to top