Musk's Twitter Payments: Crypto Not Needed?
Musk's Twitter Payments: Crypto Unnecessary?
A recent opinion piece by J.P. Koning challenges the notion that Elon Musk needs cryptocurrency to implement payments on Twitter. Koning argues that existing central bank real-time gross settlement (RTGS) systems offer a viable alternative.
Why Crypto Might Not Be the Answer for Twitter Payments
Koning highlights advancements in central bank systems since Musk's time at PayPal, suggesting that these systems now provide the speed and efficiency required for instant cross-border transactions. He implies that integrating with these established systems could be a faster, simpler, and less risky approach compared to building a new crypto infrastructure.
This perspective raises questions about the strategic direction of Twitter's payment integration. While cryptocurrency offers certain advantages, leveraging existing infrastructure could be a more pragmatic and potentially less complex solution.
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