People familiar with the matter: Twitter is applying for payment licenses across the United States, or considering encrypted payment options

According to the Financial Times, citing sources, Twitter has begun applying for regulatory licenses across the United States and designing the software needed to introduce payments. Musk has said he wants the system to support fiat currencies at first, but could add encrypted payments later, two of the sources said. At present, Esther Crawford, Musk's deputy in Twitter, has begun to work with a small team to plan the architecture required to facilitate payments on Twitter, including designing a vault to store and protect user data that the system will collect, and is also promoting the launch of payment services. Previously required regulatory inspections. According to three sources, Musk’s vision includes exploring more ways to let users reward creators directly, let users buy goods directly through the platform, and users pay each other, among others. Last November, Twitter registered with the U.S. Treasury Department as a payment processor and began applying for some of the state licenses needed to launch, according to a regulatory filing. The rest will be filed soon, with the hope for a U.S. license within a year, before Twitter will seek to expand to gain international regulatory approval, one of the people said.