During a meeting with Twitter staff, the billionaire spoke about plans to launch his payment system as an alternative to bank cards linked to user accounts.

According to Musk, he sees one of the goals for the development of the social network as “the ability for people on Twitter to send money anywhere in the world instantly and in real time.”

Instead of a complex and expensive credit card system, each Twitter user would have "a single account that can be either positive or negative."

In addition, users will be able to use debit cards linked to an account on a social network, and even traditional checks.

However, the platform still has legal obstacles that need to be resolved. In addition, the issue of account security remains open, which can be hacked.