Twitter is developing a funding feature; they should call it X and smash PayPal
Twitter CEO Elon Musk has big plans for the social media network. He wants to make Twitter into an all-encompassing app, akin to WeChat in China, with a built-in payment and e-commerce infrastructure. According to a recent Financial Times investigation, Twitter is already planning for this future. The business has begun seeking for regulatory permits and developing the software required to handle payments on the platform.
Elon Musk has hired Crawford, a rising Twitter employee, to lead the payments platform. Crawford is in charge of a small team in charge of creating the platform. Musk is not new to fintech; he co-founded X.com, one of the earliest online banks, which subsequently became PayPal.