Keneci Network (@keneci)

Twitter Ramping Up Work On Its Own Payments Platform Twitter has reportedly been applying for the necessary licenses in states across America to become a payments platform, with plans to apply for regulatory approvals in Europe, in the future. During a Twitter Spaces meeting with advertisers back in November, the social media company's new owner Elon Musk had already detailed his plans to enter the payments market, and suggested that users would be able to transfer money to other people on the platform. Twitter’s new payment platform will first work with fiat currencies and payment methods, with plans to add support for cryptocurrencies in the future. Musk has reportedly tapped Twitter's director of product management Esther Crawford, to work on the payments project, and she has been working on the infrastructure of the new service, with a small team. The payments service is part of Musk's plan to launch an “everything app” that incorporates messaging, payments and commerce. The new payment platform would essentially compete with payments giant PayPal and even Apple Pay. Musk co-founded http://X.com in 1999, one of the first online banks, which later became part of PayPal. https://www.keneci.com/hotfeed-read-more#h.rkqji9ywa467