Twitter has begun developing a dedicated program to implement a payment system on the platform, and has also applied for a regulatory license in the United States. The company has also begun developing the plans needed to facilitate payments through the platform, and is also working on designing a space to store and protect users’ personal data, which will be collected by the system.
The new owner of the company, Elon Musk, announced last November that the platform will provide financial technology services such as money transfers between users without intermediaries.
Musk’s plan is to include the Twitter platform as an integrated banking service and provide traditional banking services such as issuing credit and debit cards and checkbooks.
