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Twitter Plans To Charge $19.99 Per Month For Verification
After acquiring the social media platform for $44 billion, Elon Musk has issued a deadline to introduce a paid verification scheme.
In one of his first directives since the takeover, Elon Musk aims to change Twitter Blue, the optional $4.99 per month subscription service, into a more expensive add-on that verifies users with the familiar blue check mark.
If the current plan goes ahead, users will have 90 days to upgrade to the new monthly fee or lose their existing verification completely. Musk has made plenty of noise about revamping Twitter over the last few months and is rumored to have issued a November 7th deadline for this particular change, with employees facing being fired if the feature isn’t in place by that date.
Twitter’s new owner has been in charge for less than a week so far, but has already changed the site’s homepage. When logged-out users visit the root domain, they are redirected to the Explore page that shows trending tweets and the latest news stories. The outspoken Tesla founder is planning mass layoffs of Twitter middle managers and engineers who haven’t recently contributed to the site’s codebase, with cuts expected to begin happening this week.
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The original Twitter Blue subscription launched almost a year ago as a way to view articles without ads, as well as giving subscribers an undo function for Tweets. The service hasn’t been particularly popular, and ad revenue still constitutes the vast majority of the platform’s revenue.
Musk is keen to grow the subscription model to the point where it accounts for half of Twitter’s revenue — let’s see how the controversial Tesla CEO fares over the coming months.
News
Lebanon Ministers Meet Visa Over National Digital Payment Platform
Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.
Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.
The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.
The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.
Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.
Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.
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Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.
“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.
Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.
