.jpg){kind=avatar}
Twitter has begun applying for regulatory licenses across the US and designing the software required to introduce payments across the social media platform, as Elon Musk searches for new revenues to turn round the business. Musk has said he wants Twitter to offer fintech services such as peer-to-peer transactions, savings accounts and debit cards, as part of a master plan to launch an “everything app” that incorporates messaging, payments and commerce.
Such regulations mean “many [tech companies] experiment and then give up”, she said. “They find it to be a burden to ultimately bear the long-term investment and risk — where you can get fined if there’s an issue and you have to have a whole compliance infrastructure that has to be constantly licensed.”
https://www.ft.com/content/9d84d534-b2dd-4cff-85d1-aee137b26a45
unknownx500
