Last month, Elon Musk announced at a conference of the American investment bank Morgan Stanley that he wants to make Twitter the largest financial institution in the world. Today, the platform takes a surprising step in that direction by announcing a partnership with eToro, allowing Twitter users to trade stocks and cryptocurrencies. The rollout of this new feature begins on Thursday, April 13 in Elon Musk’s app.
Not directly on Twitter
By the way, users do not make their investments directly on Twitter, but via the eToro platform. Users have the option to click the View button in eToro where they can buy and sell assets.

“We’ve grown tremendously over the past three years and we’re seeing more and more users interact with each other on Twitter. […] There is insanely good content about financial markets on Twitter. We believe this partnership can help us reach new audiences and connect the Twitter and eToro brands,” said Yoni Assia, CEO of eToro.
According to Assia, ‘Fintwit’ or the financial community is very popular on Twitter. More and more people are turning to Elon Musk’s app for the latest news. In December 2022, Twitter also added the so-called $cashtags, which have been searched more than 420 million times since the beginning of 2023.
The next step
It’s already common knowledge that Elon Musk’s big mission is to turn Twitter into a “super app” of sorts. This idea is based on the Chinese WeChat, an app with which the Chinese can arrange everything. From finances to ordering groceries and booking hotels.
Elon Musk seems to want to go in that direction with Twitter and this partnership with eToro is a step in that direction. Earlier this week, it was announced that Musk is changing Twitter’s company name to X Corp. changed.
Ultimately, the “super app” must go through life under the name “X”. A few weeks before Musk took over Twitter, Musk already tweeted that the acquisition of the social media platform “accelerates the development of X”.
Only time will tell if Elon Musk can convince people to use Twitter for everything. For the time being, there is also a lot of criticism of the way the billionaire deals with the company. In any case, the partnership with eToro is an interesting new step in Twitter’s current path.
Source: Btc Direct

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.