Twitter is set to collaborate with eToro, a social trading company, to allow users access to cryptocurrencies and other financial resources.
A new application will be available on Twitter, allowing users to view market charts through a wide range of financial tools. This also includes buying and selling stocks from eToro.
It’s already possible for Twitter to view real-time trading data through their “cashtags” feature, which can be accomplished by clicking on the ticker symbol and typing in the dollar sign in front.
This will allow the app to reveal current price values from TradingView via an application programming interface (API). However, with the eToro partnership, Twitter can expand its view on various financial instruments and asset classes. There will also be a feature that says ‘view on eToro,’ allowing you to buy and sell assets directly on the website.
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Yoni Assia, eToro’s CEO, observed how more eToro users interact with Twitter and educate themselves about the markets. This partnership would allow both online platforms to reach new heights and grow together.
Aside from being a social network, Musk is also eyeing for Twitter to become a “super app” involving different services, including finance and marketing. There were even plans by Musk to make Twitter “the biggest financial institution in the world.” While that remains to be seen, it’s pretty exciting to see how partnerships with companies like eToro will work with the social media platform.
Source: CNBC