Twitter might add a native payment method soon

Twitter has been going under some changes ever since Elon Musk bought the platform. Many problems occured but it looks like the changes are here to stay. The first thing that changed was making the blue subscription a paid feature. Now recent reports show that Elon Musk's vision for the platform's future. It looks like, Twitter might have its very own installment arrangement.

Twitter might add a native payment method soon

In a Spaces Q&A for advertisers, the new owner of Twitter and temporary CEO has discussed his plans for the social network. He revealed, among other things, that he envisions a time when Twitter users will be able to send money to one another by linking their bank accounts. The New York Times has confirmed that the company registered to process payments with the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department last week, although that won't likely happen immediately.

Musk talked about the feature in relation to creators during the Spaces discussion. In order to entice creators to post their work on the platform, he mentioned that the website must enable monetization.Now that you have a balance in your account, we can say, "Okay, would you like to send money to someone else on Twitter?"The manager stated. He also talked about how Twitter users will be able to withdraw money by linking their bank accounts, pointing to a system that is similar to PayPal, which he helped found. If everything goes according to plan, the company might even provide debit and credit cards as well as an "extremely compelling money market account.