Twitter Partners With eToro to Enable Users Access to Financial Instruments

Twitter is all set to roll out a new feature that enables its users to access stocks, cryptocurrencies, and other financial assets through a partnership with fintech company eToro.

The collaboration will focus on expanding Twitter’s cash tokens to cover more instruments and asset classes, according to an eToro spokesperson.

eToro-Twitter

According to CNBC a reportThe Elon Musk-led social media giant plans to allow users to view market charts on an expanding range of financial instruments and buy and sell stocks and other assets from eToro. This will expand the already existing Cash Cards feature, which currently includes real-time trading data from TradingView on index funds like the S&P 500 as well as stocks like Tesla.

Following the development, Yoni Asia, CEO of eToro, commented:

“As we’ve grown exponentially over the past three years, we’ve seen more and more of our users interact on Twitter (and) educate themselves about the markets. There’s high-quality, real-time content about financial analysis of companies and what’s happening around the world. We believe this partnership will enable us of reaching these new audiences (and) connecting the top brands of Twitter and eToro.”

The latest integration aligns with Musk’s master plan to shape Twitter into an “everything app.” Earlier this week, the billionaire CEO changed the name of Twitter to X Corp after merging with a shell company of that name.

Pay for crypto payments

It was previously reported that Musk is pushing his plans for Twitter payments. As such, the CEO directed the developers of the social media platform to design their payment systems so that crypto functionality could be added in the future.

Initially, payment systems for fiat currencies will be put in place, and crypto payments will be integrated as the opportunity arises.

The company has applied for government regulatory licenses across the US to become eligible to bring payments into its infrastructure. It had already registered with the US Treasury Department as a payment processor in November last year.