The current owner of Twitter, Elon Musk, is trying to monetize the social network with plans that change every day, but it looks like he’s moving towards the establishment of those plans. internal payment system long-term.

Musk envisioned some of his plans during a live meeting this Wednesday. gapsfocused on advertisers and the future of the platform, including money transfers registered with the company’s office Financial Crimes Control network. Treasury Undersecretary From the United States, as reported by The New York Times.

Another innovation will be a commitment to video to support the creators ecosystem. i would follow paywall It will allow users to unlock audiovisual content in exchange for a payment, which the company is currently working on.

In this service, the creators will have control over the price and a payment of one to ten dollarsAccording to initial information shared by The Washington Post.

Musk explained this for betting on video and content creators can monetize their content, First of all, they have to implement the necessary architecture to be able to support them on the social network.

Likewise, he stated that this paywall, along with the verification process, will be at the core of the payment system. In fact, Musk pointed out that any user who subscribes to Twitter Blue will have already been verified by Twitter. “traditional payment system”.

For subscription, users enter a credit or debit card. To prevent fraud, payment is processed through the app store’s internal shopping system. It will then be possible for users to move money within the social network, for example by making a donation.

Musk also pointed out that the idea is that users have a balance on Twitter that will allow their bank accounts to be linked to the user profile in the long run. “The next step will be this extremely compelling money market account offer. Where you get an extremely high return on your balance,” he explained.