Twitter starts applying for U.S. state licenses in payment master plan, FT says

Twitter has started applying for U.S. state licenses and designing the software required to introduce payments across the social media platform, The Financial Times’ Hannah Murphy reports. CEO Elon Musk, also the CEO of Tesla, previously 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, and Esther Crawford, a fast rising lieutenant to Musk, is working on devising a vault for storing and protecting the user data that would be collected by the system, according to two people with knowledge of the team’s efforts. Reference Link