Twitter has money licenses in three states, opening door for Musk’s plan to platform into ‘everything app’
The IndependentThe latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Twitter has reportedly secured money-transmitting licenses in three states, the latest step in owner Elon Musk’s ambitious goal to turn the social media site into an “everything app.” The company now has licenses to receive and transfer funds in Michigan, Missouri, and New Hampshire, Fortune reports. When Mr Musk bought the company, he said buying Twitter was “an accelerant” for the creation of X, an “everything app” where people access all their vital online services. Twitter, Mr Musk said, would form the global “digital town square” at the heart of the everything app. They’ve been hugely successful in Asia, but have not really caught on elsewhere,” social media expert and industry commentator Matt Navarra told the PA news agency when Mr Musk bought Twitter.