Elon Musk details his plan to turn Twitter into a bank

A penny for your tweets. | Illustration by Laura Normand / The Verge

Elon Musk seems intent on turning Twitter into a bank, complete with what he describes as a high-yield money market account," debit cards, checks, and loans. He described his plans during a last-minute meeting with staff today, and you can read a full transcript of that here.

Musk broached the topic of payments during his introduction, saying that I think there's this transformative opportunity in payments," adding that the goal is enabling people on Twitter to able to send money anywhere in the world instantly and in real-time. We just want to make it as useful as possible." He said that the feature, along with video content and compensating content creators" and improving search, is a high priority."

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