Twitter has started applying for licenses in USA to implement a possible payment system and plans that in the future it can include cryptocurrencies, the Financial Times announced on Monday.
According to the economic newspaper, citing anonymous sources, the company run by Elon Musk is also already preparing the necessary software to carry out transactions with money through the red social.
Last November, shortly after taking control of the company, Musk already spoke of his plans to launch a payment system through the platform and the possibility of offering other financial services such as debit cards and bank accounts.
The tycoon thus confirmed his intention to turn Twitter into a kind of “app for everything” in the style of China’s WeChat -which offers messaging, payments and purchases, among other things-.
In November, Musk said he was considering giving subscribers to the Twitter Blue payment service the option to send money to someone else on Twitter and link their bank account to the social network.
The next step, he assured, could be to offer bank accounts that pay high interest rates and later debit cards or checks could be incorporated, for example.
Some technology companies such as Apple already offer savings accounts, as do companies specialized in digital payments such as PayPal.
Musk has significant experience in this area, having co-founded X.com, one of the first digital financial platforms, which later became part of PayPal.
According to information from the Financial Times, Initially, this payment system is expected to work with traditional currencies, but in the future it may also include cryptocurrencies, news that today caused the price of some of these assets to rise momentarily, such as Dogecoin.