The Twitter financial ecosystem? 💸

Also, Bitcoin ETFs have a down week, and the SEC loses its crypto lead.

Author

Ryan Ozawa
June 17, 2024

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📝 What you need to know

Elon Musk’s ambitions for Twitter—including its rebrand to “X”—has been to take it from a “140-character messaging app” to an “everything app.” Central to that vision has been expanding it to become a payments platform, and Twitter (aka X) CEO Linda Yaccarino today said those features are coming “soon.”

“Think about that: Once we launch payments—we’ll start in the U.S.—the financial ecosystem that will emerge on that platform,” she said at an event in Cannes.

No word yet on whether the system will use Musk's favorite meme coin, Dogecoin.

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💬 Quote of the Day

“We are actually redefining what users will come to rely on.”

—Linda Yaccarino, Twitter CEO

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