• Twitter is developing a payment system that will support currencies.
• Pictures of “Twitter Coins” have appeared on social media.
• The payments function will first support fiat currencies.

Twitter, led by Elon Musk, is now developing a payment system that will support accepted currencies while also including crypto capability.

According to reports, citing sources, the payments function will first support fiat currencies.

Neither Musk nor Twitter has confirmed the news.

“Mr. Tweet” appears to have directed developers to create the platform’s payment system.

Twitter has been teasing the addition of payments to its platform, as Musk wishes for it to become an “everything app” similar to China’s WeChat.

“Buying Twitter is an accelerant to creating X, the everything app,” Musk stated in October last year, after acquiring the firm for $44 billion.

“Twitter probably accelerates X by 3 to 5 years, but I could be wrong,” he added.

Later, pictures of “Twitter Coins” appeared on social media.

Unconfirmed rumors circulated that Twitter was working on a prototype wallet for cryptocurrency deposits and withdrawals.

Musk’s “Twitter 2.0 The Everything App” will have encrypted direct messages (DMs), long-form tweets, and payment functionality.

During a podcast, he stated that the United States requires a super app.

“It’s either convert Twitter to that or start something new. It does need to happen somehow,”  he remarked.

“If you’re in China, you kind of live on WeChat. It does everything. It’s sort of like Twitter, plus PayPal, plus a whole bunch of things all rolled into one, with a great interface. It’s really an excellent app, and we don’t have anything like that outside of China,” Musk revealed to podcast listeners last year.

Musk co-founded X.com, an online bank that was later combined to establish PayPal, in 1999.

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