Elon Musk moves to integrate payments on Twitter to boost revenue Twitter crypto cryptocurrency
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Musk has long hinted at the possibility of enabling payments through the platform, and now it appears to be a critical part of the billionaire’s plan to create new revenue streams after Twitter’s $5 billion per year advertising business has seen material declines since he purchased the platform in October.
Late in 2022, Musk made a bid to raise more capital from Twitter’s equity investors with the goal of hiring a team of programmers to build a “super app” that could process payments. Twitter is hoping to obtain licensing in the U.S. within a year, at which point the company will seek to expand and obtain international regulatory approval.
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