Twitter is working on a payment feature

30 january (Reuters) – Twitter Inc social is working on implementing payments on the media platform and has begun applying for regulatory licenses, the Financial Times reported on Monday, citing people familiar with the matter. news gives

In October, the company 44 billion New boss Elon Musk is pushing Twitter to create new revenue streams, facing a decline in ad revenue after buying it for $.

Development of the payments feature is being led by Esther Crawford, director of product management at Twitter, according to the report, adding that the executive is emerging as a key lieutenant for Musk.

Twitter did not immediately respond to Reuters’ request for comment.

Musk previously said that the acquisition of Twitter social networks, peer-to-peer payments and e-commerce shopping offer will be part of a master plan to create an “everything program” that does.

Before Musk took over in early 2021, Twitter was exploring allowing users to receive tips or digital payments from their followers.

Reported by Yuvraj Malik in Bengaluru; Edited by Shailesh Kuber

Our standards: Thomson Reuters Trust Principles.

2023-01-30 23:53:47
Source – reuters

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