Twitter has begun applying for regulatory licenses to enter into the US payments business. The Financial Times reported that Elon Musk’s social media platform is designing the software to eventually introduce payments throughout the platform.
Since Musk’s $44 billion acquisition of the company, the incorporation of new revenue streams has been a primary part of the discourse. Subsequently, introducing payments into the platform’s infrastructure will certainly incorporate a new revenue opportunity for Twitter.
Extract from article of watcher.guru
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