A Small Step to Make Twitter Into a FinTech Platform

Article source, here.

TL;DR

• A partnership was just announced between Twitter and eToro - an online brokerage that lets users buy and sell stocks, cryptocurrencies and index funds.

• Over time, integrations like this do make crypto trading more ubiquitous.

• The more people who invest in crypto, hopefully the more people who understand the benefits and use cases of the coins they're investing in.

Full Story

If you've been to a meetup in San Francisco any time in the past few years, you're sure to have heard about "that thread that broke down [name your event] Crypto Twitter."

Now the 'Chief Twit' (Elon) is doubling down on the fact that ideas and information about crypto/finance are commonly shared on Twitter.

A partnership was just announced between Twitter and eToro - an online brokerage that lets users buy and sell stocks, cryptocurrencies and index funds.

The new feature will allow users to view market charts (both crypto and stocks) directly within Twitter; and let users easily jump over to eToro if users want to buy/sell crypto or stocks.

Musk said at a Morgan Stanley conference last month that he wants Twitter to become "the biggest financial institution in the world."

(A big claim, but hey, would we expect anything else from the guy?)

This is a big step forwards no that path.

So, what's this new partnership mean for crypto as a whole?

It's unlikely that we will see a huge increase in trading volume simply from this new integration.

(After all, there's not a ton of friction to go from Twitter to your preferred exchange after gaining a newfound understand from that random Twitter thread).

But, over time, integrations like this do make crypto trading more ubiquitous.

And the more people who invest in crypto, hopefully the more people who understand the benefits and use cases of the coins they're investing in.

A small step forwards, but we'll take it.