Twitter moving ahead with payment processing service; crypto integration may come later

1 year ago

Twitter CEO Elon Musk has enlisted a tiny squad to research however the societal media elephantine could pivot towards integer payments and processing, which could see crypto, the Financial Times reported.

The inaugural is reportedly being spearheaded by Twitter’s manager of merchandise management, Esther Crawford, who led the caller and arguable instauration of Twitter Blue, its $8 “blue tick” subscription service.

Citing staffers with cognition of the plan, FT reported that Twitter has started applying for licenses done some authorities and national regulators and would besides question regulatory approvals internationally.

FT reported that portion Musk would initially similar the outgo work to absorption connected fiat, helium hopes a 2nd furniture would let for crypto integration. 

The program besides includes caller bundle for storing and protecting the idiosyncratic information that would beryllium included successful the system. 

Prior to Musk’s takeover of Twitter successful October 2022, the institution was looking into ways it could make a tipping strategy for contented creators and fashionable influencers who utilized the site. 

The station Twitter moving up with outgo processing service; crypto integration whitethorn travel later appeared archetypal connected CryptoSlate.

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