Twitter has begun planning a special program to introduce the payment system on the platform and has also applied for a regulatory license in the United States. The company has also begun developing the necessary plans to facilitate payments through the platform and is also working on the design spaces to store and protect the personal data of users that the system will collect.
The company’s new owner, Elon Musk, revealed last November that the platform will provide financial technology services, such as money transfers between users without intermediaries.
Musk’s plan is to include the Twitter platform as an integrated banking service and provide traditional banking services, such as issuing credit and debit cards and checkbooking.
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