Reportedly, Twitter could charge users to maintain their blue tick verification on the social networking platform.

Elon Musk, the site's new owner, desires to transform the existing Twitter Blue subscription, which unlocks more features, into a more expensive service that verifies users.

Multiple US-based reports indicate that Twitter intends to increase the monthly cost of Twitter Blue from five dollars (£4.30) to twenty dollars (£17), giving verified users 90 days to pay up or lose their blue tick.

Mr. Musk reacted to questions from Twitter users regarding verification by stating that "the entire verification procedure is being overhauled right now." Twitter has not commented on the plans.

The current verification mechanism is intended to assist users in identifying authentic and influential individuals on the network, such as political figures, sports stars, entertainment figures, journalists, and large corporations and organizations.

It requires a complete account, which includes a name, image, and confirmed email address or phone number, as well as recent activity and a history of following Twitter's rules.

Twitter Blue is only available in a handful of countries, excluding the United Kingdom, and provides subscribers with access to additional Twitter features, such as the ability to edit sent tweets in some regions.

There were rumors that Mr. Musk would consider subscription options as a means of diversifying Twitter's currently advertising-heavy business stream.

After completing his £38 billion (44 billion USD) acquisition of the platform last week, Mr. Musk's first few days as CEO have been exciting.

In response to rising rumors that he might reinstate banned accounts, he announced on Friday that a content moderation committee would be established and that no "important" content or reinstatement decisions would be made until its formation.

However, in a conversation with another user, Mr. Musk hinted at one way to content management, proposing that users may set an age rating similar to that of a film to restrict site content.

"The ability to choose which version of Twitter to use is probably preferable, much like a movie's MPAA rating," he said.

"The rating of the tweet might be self-selected and subsequently updated based on user input.

The Tesla and SpaceX owner was also severely criticized for tweeting a link to a conspiracy theory regarding the attack on Nancy Pelosi's husband, Paul Pelosi, which he later deleted.

This episode has aroused more alarm regarding Mr. Musk's belief in absolute free speech and a possible later weakening of content regulation now that he controls Twitter, which many activists warn will lead to an increase in abuse, harassment, and misinformation on the platform.

Over the weekend, he also refuted rumors that he wanted to fire Twitter employees before the beginning of the following month to avoid making certain payments.

Mr. Musk also asked Twitter users in a poll if the firm should bring back Vine, the short-form video service that Twitter shut down in 2016 and was an early predecessor to the likes of TikTok — now a key Twitter competitor in the social sector.