One of Elon Musk’s grand visions for Twitter is to become an “everything” app similar to the WeChat giant in China. Since taking over the most influential social network in the world, Musk has not been quiet about his ideas for Twitter’s future, which includes a built-in platform for payments. This would also be centered around the ability to park capital in money market accounts, shop for goods, and support a creator marketplace in ways that might be similar, or better, than YouTube, Instagram, or Facebook, as examples.
A new report from FT indicates that Twitter is already preparing for that future. The company has begun applying for the regulatory licenses it needs to operate a service that could compete against services like Apple Pay, PayPal, and Venmo. Separately, Twitter is also reportedly designing the software it needs to support payments on the social network.
The post Twitter is developing a payments feature, they should call it X and crush PayPal appeared first on BGR.
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