{"id":137216,"date":"2023-04-13T11:20:37","date_gmt":"2023-04-13T11:20:37","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=137216"},"modified":"2023-04-13T14:07:41","modified_gmt":"2023-04-13T14:07:41","slug":"amazing-twitter-to-allow-cryptocurrency-trading","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/amazing-twitter-to-allow-cryptocurrency-trading\/","title":{"rendered":"AMAZING: Twitter to allow cryptocurrency trading"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"font-weight: 400\">Twitter has joined hands with eToro,<strong> a social trading company, in hopes of allowing users to trade both stocks and cryptocurrencies<\/strong>. At the same time, eToro would offer Twitter users real-time prices for cryptocurrencies and stocks, including a number of other digital assets while directing them to the eToro <a href=\"https:\/\/www.etoro.com\" target=\"_blank\" rel=\"noopener\">website<\/a> to invest through the new service called $Cashtags. <strong>The news of the latest service was revealed to users via eToro\u2019s official Twitter account.<\/strong><\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udf89Very excited to be launching a new $Cashtags partnership with <a href=\"https:\/\/twitter.com\/Twitter?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@Twitter<\/a> which will enable Twitter users to see real-time prices for a much wider range of stocks, crypto &amp; other assets as well as having the option to invest through eToro. <a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@elonmusk<\/a>  <a href=\"https:\/\/t.co\/Iv2q9iNxbf\" target=\"_blank\">https:\/\/t.co\/Iv2q9iNxbf<\/a><\/p>\n<p>&mdash; eToro (@eToro) <a href=\"https:\/\/twitter.com\/eToro\/status\/1646430266401890304?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">April 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><span style=\"font-size: inherit;color: var(--contrast);background-color: var(--base-3)\">As of now, it is possible for users to see <\/span>real-time trading data from <a href=\"https:\/\/www.tradingview.com\" target=\"_blank\" rel=\"noopener\">TradingView<\/a> on different index funds such as the S&amp;P 500<span style=\"font-size: inherit;color: var(--contrast);background-color: var(--base-3)\">, along with the shares of different other organizations. By using the Cashtag feature, <strong>all a user needs to do is <\/strong><\/span><strong style=\"font-size: inherit;color: var(--contrast);background-color: var(--base-3)\">search for a ticker symbol and then add a dollar sign right in front of it<\/strong><span style=\"font-size: inherit;color: var(--contrast);background-color: var(--base-3)\">. As soon as that\u2019s done, the app would show a user the required price information via TradingView using an API.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">According to a spokesperson from eToro, <strong>it was clarified that the Twitter Cashtags would be expanded for covering\u00a0a greater array of instruments in the long run<\/strong>. Moreover, it was mentioned how the partnership would enable the firm to offer high-quality content to interested users and reach new audiences. The recent partnership inevitably marks a noteworthy business partnership for Twitter ever since Elon Musk purchased it for approximately $44 billion.<\/span><\/p>\n<p>The CEO of eToro, Yoni Assia stated in an interview,<\/p>\n<p style=\"text-align: center\"><em>\u201cAs we\u2019ve grown over the past three years immensely, we\u2019ve seen more and more of our users interact on Twitter [and] educate themselves about the markets. <\/em><em>There is very high-quality content, real-time content on financial analysis of companies and what\u2019s happening around the world. We believe this partnership will enable us to reach those new audiences [and] connect better the brands of Twitter and eToro.\u201d<\/em><\/p>\n<h2><span style=\"font-weight: 400\">Would the Partnership be Fruitful for Twitter in the Long Run?<\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">It is a fact that Twitter lost half of its worth soon after Musk\u2019s purchase, and a number of strategies were put into effect to generate greater revenue. A number of them, mainly paid verification, did not prove to be profitable. Plus, it is recently speculated that Musk is willing to sell Twitter. <\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">However, last month the <a href=\"https:\/\/crypto-economy.com\/dogecoin\/\" target=\"_blank\" rel=\"noopener\">Dogecoin (DOGE)<\/a> fan, Elon Musk, stated that he wants Twitter to become <em>\u201cthe biggest financial institution in the world.\u201d<\/em> Therefore, <strong>it is anticipated that the partnership with eToro can prove to be a ray of hope for the social media giant and a significant step toward profitability<\/strong>.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-137218 size-full\" src=\"https:\/\/crypto-economy.com\/wp-content\/uploads\/2023\/04\/eToro-1.jpg\" alt=\"Would the Partnership be Fruitful for Etoro in the Long Run?\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/eToro-1.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/eToro-1-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2023\/04\/eToro-1-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span style=\"font-weight: 400\">A payment feature has been teased for a while now, and the possibility of trading cryptos and stocks would inevitably drive great traffic to the platform. Furthermore, $Cashtags aligns itself with the plans of Elon Musk of integrating financial services into the social media platform, mainly because of his intentions of creating a super app. <strong>Musk previously stated that he wishes for the Twitter payment systems to accommodate both crypto and fiat currencies<\/strong>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter has joined hands with eToro, a social trading company, in hopes of allowing users to trade both stocks and cryptocurrencies. At the same time, eToro would offer Twitter users real-time prices for cryptocurrencies and stocks, including a number of other digital assets while directing them to the eToro website to invest through the new &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"AMAZING: Twitter to allow cryptocurrency trading\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/amazing-twitter-to-allow-cryptocurrency-trading\/#more-137216\" aria-label=\"More on AMAZING: Twitter to allow cryptocurrency trading\">Read more<\/a><\/p>\n","protected":false},"author":22,"featured_media":137219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[5001,4859],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/137216"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=137216"}],"version-history":[{"count":0,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/137216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/137219"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=137216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=137216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=137216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}