Twitter partners with eToro to give users access to financial instruments

Twitter partners with eToro to give users access to financial instruments

Twitter is set to launch a new feature that will allow its users to access stocks, cryptocurrencies and other financial assets through a partnership with fintech company eToro.

According to an eToro spokesperson, the collaboration will focus on expanding Twitter cashtags to cover far more instruments and asset classes.

eToro Twitter

According to a CNBC report, the Elon Musk-led social media giant plans to allow users to view market charts for an expanded range of financial instruments and buy and sell stocks and other assets from eToro. This would expand on the existing “Cashtags” feature, which currently includes real-time trading data from TradingView on index funds like the S&P 500 as well as stocks of some companies like Tesla.

Following the development, eToro CEO Yoni Assia commented

"As we have grown tremendously over the last three years, we have seen more and more of our users interacting (and learning about the markets) on Twitter. There is very high quality content, real-time content on financial analysis of companies and what is happening around the world. We believe this partnership will allow us to reach these new audiences (and) better connect the Twitter and eToro brands."

The latest integration is in line with Musk's master plan to shape Twitter into an "everything app." Earlier this week, the billionaire executive changed Twitter's company name to X Corp after merging with a shell company with that name.

Press on crypto payments

It was previously reported that Musk was moving forward with his plans for Twitter payments. Therefore, the CEO instructed the developers of the social media platform to design their payment systems in such a way that crypto functionality can be added in the future.

Initially, the payment systems will be designed for fiat currencies and, where possible, crypto payments will be integrated.

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

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