Like China’s WeChat, Musk will let Twitter users make digital payments

As more advertisers pause spending on Twitter, Elon Musk has shared his digital payments plans with them where users will be able to send money to others like China’s WeChat.

In a live-streamed meeting with advertisers, Musk detailed his vision for Twitter to enter the digital payments market, reports TechCrunch.

According to him, users would be able to send money, “extract their funds to authenticated bank accounts and, later, perhaps, be offered a high-yield money market account to encourage them to move their cash to Twitter”.

Twitter last week filed registration paperwork with the US authorities to allow it to process payments on the platform.