Twitter struck a deal with crypto- and stock-trading platform eToro that carries the social media platform into the folds of virtual finance.
eToro only started offering stock-investing services at the start of 2022and at the end of that same year, Twitter expanded its longstanding Cashtags feature so that, when users click on the $-prefixed symbols of major stocks or cryptocurrencies, they get to see pricing charts.
eToro announced in the last 24 hours that the new partnership gives Twitter’s users live charts for a greatly expanded scope of stocks, crypto coins, ETFs, and commodities.
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The trading platform allows users to share their investment profiles socially with others and now it gets a direct feed into #FinTwitter. The details of the deal still do not reveal how Twitter financially benefits or if this means that the social media is betting on a crypto trading future for its subscribers.
Elon Musk did say in October 2022 that Twitter planned a WeChat rival, the ‘X’ app, and if this includes partnerships for payments or not is still a mystery.
In the last 48 hours, Twitter stated that it has merged with everything app ‘X Corp’, owned by Elon Musk, and in a court filing in the US, Twitter quietly disclosed that it no longer exists. In 1999, Musk co-founded an online bank called X.com, which was later merged to form PayPal.
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