Twitter is also completing the required regulatory procedures before launching the service. The business has registered as a payment processor with the US Treasury and is seeking state licences. Twitter intends to complete a US licence within a year, followed by comparable approvals in overseas regions.
While many internet companies keep future products under wraps, Elon Musk is renowned for his forthright attitude and may divulge more information regarding the Twitter payments network in the near future. Twitter’s ambitious ambitions for a payments platform would provide the firm with a substantial boost while also providing consumers with a quick and safe option to conduct purchases on the social media network.
