By Enyichukwu Enemanna
New Twitter boss, Elon Musk is still pushing on with plans to create other revenue streams for the social media giant as it records a decline in advertising income, following his $44-billion takeover of the company in October last year.
According to Financial Times report on Monday which cited people familiar with the matter, Twitter Inc has begun applying for regulatory licenses ahead of the plans to introduce payment.
According to the report, development on the payments feature is being led by Esther Crawford, a Director of Product Management at Twitter.
Musk had previously said that the Twitter acquisition would be part of a master plan to create “the everything app”, a service that would offer social networking, peer-to-peer payments and e-commerce shopping.
Prior to Musk’s takeover, Twitter in early 2021 was exploring allowing its users to receive tips, or digital payments, from their followers.
