Twitter To Disrupt Financial Services With “WeChat For The West”

One look at the latest headlines surrounding Twitter, and you might think the Meta Threads launch (boasting 30 million sign-ups in one day), declining Twitter user engagement, or controversial reading limits are the only important news about the company—you’d be mistaken.

Rather quietly this week, Twitter was awarded money transfer licenses in three states, a journey that started nearly six months ago when the company began applying for licenses across the United States. With Twitter CEO Linda Yaccarino at the helm, Twitter is building the “Everything App” — or “WeChat for the West” as Musk tweeted his vision — complete with chat, social, and payments. Elon claims Payments will generate as much as $1.3 billion in revenue by 2028.