Twitter Payments LLC (the social network is blocked in Russia), a subsidiary of Twitter social network Elon Musk, has been licensed to introduce payments in three US states.
Regulators in Michigan, New Hampshire and Missouri have given the green light to an app that brings Twitter closer to fulfilling Elon Musk's ambition to become an "app for everything".
As a result, it can now offer payment services similar to PayPal.
Twitter originally applied to FinCEN for permission to obtain an MSB licence back in November, just after Musk bought the company. The prominent entrepreneur then unveiled his plans to turn Twitter into an "app for everything".
It seems that Elon Musk is pushing to implement payments, including cryptocurrencies, into Twitter's interface, as he mentioned earlier.
At the end of January, reports emerged that Twitter was working on an embedded payment system and had already started applying for the necessary approvals in the US. The social network's payment system will be fiat, but eventually cryptocurrencies will be integrated into it.
Looking at Musk's past statements, it is clear that he remains optimistic about integrating digital currencies into the social networking platform.
