The new CEO of twitter, Elon Musk is set to impose $20 monthly charge on its users with verification badge, NewsSpecng learnt.

According to a Daily Mail report, Musk wants to launch a pay-for-play verification system in which verified users are charged $20 per month.

Engineers at the micro-blogging company have until November 7 to launch the scheme or face being fired.

The project was communicated to employees on October 30.

The price of the verification is said to be subject to change.

Hours before the report emerged, Musk tweeted: “The whole verification process is being revamped right now.”