Also in November, Musk said in a live-streamed meeting with advertisers that he intended to allow Twitter to be a vehicle through which users could spend money and withdraw monies to bank accounts. Around the same time, Twitter registered with the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), which might allow it to process payments.
Approximately two months later, it is stated that the microblogging website is building the groundwork for just such a business. It is expected that cryptocurrencies will eventually be used as part of the funding scheme. According to the Financial Times, Esther Crawford, Twitter’s product administration director, is working on charge system logistics and has formed a small crew.
