Twitter gets regulatory ducks in a row to move into payments

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.