Last week, Twitter Inc, the parent company of Twitter, was merged and Elon Musk, a supporter of Dogecoin, took another action to convert Twitter into a “super app” with the capacity to provide payments, banking, and more.
Twitter To Allow Stocks & Crypto from Thursday
Elon Musk’s Twitter account is collaborating with eToro, a social trading company, to provide its users with access to stocks, cryptocurrencies and other financial assets.
Beginning Thursday, Twitter will be launching a new feature on its app. It will let users view market charts of a wide variety of financial instruments and purchase or sell stocks and other assets from eToro, according to CNBC.
It is now possible to view up-to-date trading data from TradingView on various investments such as the S&P 500 and Tesla stocks. Twitter’s “cashtags” feature makes this possible; by searching for the ticker symbol and adding in the dollar sign, the app will generate price information from TradingView via an API (application programming interface).
Also Read: How to buy Audible books in Nigeria
An eToro spokesperson has stated that this collaboration will allow Twitter Cashtags to encompass a greater variety of financial instruments and asset classes.
You can click the “view on eToro” button, which will take you to the eToro site and allow you to buy and sell assets. eToro works with TradingView to provide users with market data. According to the report, eToro CEO Yoni Assia said that the platform has grown significantly in the past three years, with more and more users using Twitter to learn about the markets.
”This partnership will allow us to access and share high quality content, such as financial analysis of companies and global news, in real-time. We believe that it will help us to better align the brands of Twitter and eToro, while also connecting with new audiences.”
Also Read: Lapo: How to Obtain a Personal Loan
More Details About eToro
Established in Israel in 2007, eToro is an online brokerage and investment firm that specializes in providing financial services which enable customers to buy and sell stocks, cryptocurrencies and index funds.
This company offers a feature that lets people copy the investing techniques of other users. Assia reports that the company has over 32 million users in Europe, Asia, and the United States, and he has worked with the same team at Twitter on the stock market data tool that he had collaborated with for prior projects.
Twitter has had quite a wild ride since Elon Musk took over as CEO. The stock has seen its ups and downs, but overall, the company has been doing pretty well.
His actions have freaked out advertisers, with lots of companies choosing to not use Twitter anymore because of worries that its rules for moderating content would get looser. Last week Musk said that “basically all” advertisers had gone back to the app.
Also read: Why Taxes Are Important For The Economy