The news: Twitter started applying for state licenses in the US so it can advance its payments ambitions, per the Financial Times.
- Twitter head Elon Musk recently appointed Esther Crawford—formerly the director of product management—to be chief executive for Twitter Payments, a subsidiary created last August.
- Crawford is working with a small team to map out Twitter's payments offering, people familiar with the matter told the Financial Times.
- Twitter hopes to complete US licensing within a year before working on global licenses, they said.
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