Another innovation is expected on Twitter – its own payment system that will support both fiat and cryptocurrencies. The company submitted its registration documents to the US Treasury Department’s Financial Crimes Enforcement Service. This indicates a quick launch of the payment system.
The new system is expected to link bank accounts to Twitter for direct money transfer. According to the owner of the social network Elon Musk (Elon Musk), this encourages authors to create more content that will allow the service to make money.
This innovation will be another step towards the creation of “superprograms” that include, for example, the Chinese service WeChat. It has the functions of paying for goods, which is a news block. messenger, identification system and much more.
The source claims that the infrastructure for the new service was created by a small team led by Twitter product management director Esther Crawford. Initially, the system will support only traditional currencies, but in the future it will be possible to work with “crypto”. Launch dates have yet to be announced.
Source: Port Altele
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