– Twitter Inc is working to introduce payments on the social media platform and has begun applying for regulatory licenses.

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Elon Musk is pushing Twitter to create new streams of revenue as it faces a drop in advertising income, following his $44-billion takeover of the company in October.

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– The payments feature development is being led by Esther Crawford, a director of product management in Twitter.

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– Earlier, Musk 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.

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– Twitter Inc is working to introduce payments on the social media platform and has begun applying for regulatory licenses.

Elon Musk is pushing Twitter to create new streams of revenue as it faces a drop in advertising income, following his $44-billion takeover of the company in October.

– The payments feature development is being led by Esther Crawford, a director of product management in Twitter.

– Earlier, Musk 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.

Read More related Stories

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