Twitter has started applying for licenses in the United States to allow the social media juggernaut to support digital payments, in line with Elon Musk’s vision for the company. The Financial Times reported that the move could also generate revenue streams for Musk’s social network and help the billionaire to strengthen the balance sheet.
Musk named Esther Crawford as CEO of Twitter payments, the company’s division tasked with building payment technology for the social network.
Crypto users have long awaited digital asset payment of the platform for some time now. The platform already supports Bitcoin tips via the Lightning network, Ethereum tips, and NFT avatars for Blue subscribers,
Anticipation for crypto payments intensified after Musk took over the company for $44 billion in October 2022. Filing for the acquisition also revealed that a plethora of blockchain entities like BINANCE chipped in equity to bootstrap Elon’s massive takeover.
After the acquisition was finalized, Binance CEO noted that his company is ready to provide blockchain support for Elon’s crypto payments vision on the social platform. CZ added that Twitter should onboard multiple blockchains and digital assets, and not just BNB and Dogecoin.
