.Twitter is preparing for the introduction of payments on its platforms
Twitter has also registered as a payments processor with the US Treasury and started applying for the state licenses required to launch the service.
The company aims to complete the regulatory checks within a year and then expand internationally. However, there are concerns about the challenges and costs of taking on new technology, complying with regulations, and gaining consumer trust. The move into payments faces competition from other players such as Venmo, Cash App, and Zelle, as well as high levels of regulatory scrutiny.
In October, the price of Dogecoin soared after Musk finalized his Twitter deal. The meme coin's price has been very sensitive to Musk's actions and statements. scrapped its rumored plansFor now, it remains to be seen whether Twitter will eventually add support for Dogecoin, but it seems like the controversial entrepreneur hasn't abandoned the cryptocurrency just yet.
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