Twitter files paperwork with Treasury to become payment processor

By Christopher Hutton

Published November 9, 2022 9:02pm ET

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Twitter files paperwork with Treasury to become payment processor — The Twitter Inc. logo is seen behind an Apple Inc. iPhone 6s displaying the company's mobile application in this arranged photograph taken in New York, U.S., on Tuesday, Feb. 9, 2016. Twitter Inc. is changing its timeline to display popular tweets first, instead of the latest posts, a long-anticipated step thats likely to anger its most passionate users. Twitter is scheduled to report quarterly earnings results following the close of U.S. financial markets on February 10. | (Michael Nagle/Bloomberg)

Twitter filed paperwork with the Treasury Department to enter the payment processing business, expanding Elon Musk’s vision for the company.

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Elon Musk Treasury Department X (Formerly Twitter)