FinTech news in Twitter category
Elon Musk detailed his vision for Twitter plan to enter the payments market during a live-streamed meeting with Twitter advertisers, hosted on Twitter Spaces on Wednesday. The new Twitter owner suggested that, in the future, users would be able to send money to others on the platform, 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. In today’s meeting, Musk explained how paid verification, which Twitter is rolling out now with its revamped Twitter Blue subscription, as well as support for a creator ecosystem could pave the way for a payments system on its platform. Musk then explained how this payments system could scale saying that, once users gained a cash balance, Twitter could prompt them to move that money on its platform.
Starting on February 17, fans can mint a Cameo Pass for 0.2 ETH — about $550 at the time of publication — which provides access to limited release artworks, exclusive in-person and virtual events and early access to new Cameo features. The collection of NFTs will be hosted on OpenSea, featuring art by Burnt Toast of the Doodles collection, Vinnie Hager of the Letters collection and artist Luke McGarry, who sells personalized artwork through his Cameo. Some creator platforms like YouTube and Patreon have flirted with the idea of NFTs, but Cameo is forging ahead with its plans. But when journalist asked about which celebrities on Cameo were involved in the project, the company did not provide any names.