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