Investing

Twitter Registers Paperwork for Processing Payments: Report

  • Twitter reportedly filed paperwork with the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) to facilitate processing payments.
  • The move comes days after Elon Musk acquired the company for $44 billion after months of going back and forth.
  • Ever since acquiring the company, Musk has put forward several recommendations and changes to the platform.
  • Twitter was recently in the news for laying off a large part of its workforce after the company went private.
  • The company had previously experimented with payment features, such as allowing users to tip in cash or cryptocurrency.

This article originally appeared on The Tokenist

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