For the past few days, Elon Musk has been making news in the world. After acquiring the social network Twitter, the richest man in the world has strongly changed its operation. He announced that certification on Twitter will have to be paid monthly. Strike will help implement this controversial decision. Strike proposes to integrate Bitcoin payment via Lightning Network for Twitter.
Using Bitcoin to pay for Twitter certification
Elon Musk, the new buyer of Twitter plans to restructure the social network. One of the key measures announced by the billionaire is to charge $8 per month for account certification.
This news enrages some users, others see a real opportunity. This is the case of Jack Mallers, the CEO of Strike for whom Musk‘s announcement is an opportunity to promote cryptocurrencies. He proposed to allow Twitter users to pay for their certification in Bitcoin via the Lightning Network.
Jack Mallers has what it takes to convince Elon Musk. His company Strike is already working with Twitter to set up a payment support, so he naturally reminded Elon Musk that this partnership could easily be extended to the Twitter certification.
My company Strike has partnered with Twitter to enable tipping with Lightning. We even offer the ability to settle these payments in USD, so there is no additional cost to Twitter (settled and reported as a card payment). This can be implemented in a matter of days, as we are already working together.Jack Mallers, CEO of Strike
It would be great news for the crypto community if the proposal was accepted.
Elon Musk wants to give Twitter back to the people
Since the acquisition of Twitter Elon Musk has deeply restructured the social network. Among other things, the billionaire has dissolved Twitter’s board of directors and fired its nine members.
Musk also notes that the current certification system is unfair. Thus, he announced that the certification of an account should now pay $8 per month.
The current system of Twitter lords and peasants with those who have a blue tick and those who don’t is bullshit. Power to the people! Blue for $8/month.Elon Musk, CEO of Twitter
Musk announced that the price of certification will be adjusted by country based on purchasing power. In addition, certified accounts will have priority in replies, mentions and search. They will also be able to publish long videos and audio. Finally, they will be less exposed to ads.
Elon Musk is a well-known fan of crypto. He regularly touts Dogecoin, whose value rose sharply when he announced the purchase of Twitter. If the proposal goes through, it could be a strong incentive to use the cryptocurrency, thus contributing to its adoption.
I dream of a world where every citizen has total control over themselves, including their finances. I believe that Bitcoin is one of the tools that will achieve this revolution. Since 2019, I am learning about this cryptocurrency and spreading the word around.