Twitter reportedly working to introduce Payments Feature

Twitter is working to introduce payments on the social media platform and has already begun applying for regulatory licenses. The development of the payments feature is being led by Esther Crawford, a director of product management at Twitter.

CEO Elon Musk is pushing Twitter to create new streams of revenue as it faces a drop in advertising income, following his $44 billion takeover of the company. Musk had previously said that the Twitter acquisition would be part of a master plan to create “the everything app”, a service that would offer social networking, peer-to-peer payments and e-commerce shopping.

Meanwhile, last week Twitter announced that users will be able to appeal account suspensions and be evaluated under the social media platform’s new criteria for reinstatement. Under the new criteria, Twitter accounts will only be suspended for severe or ongoing and repeat violations of the platform’s policies.

Severe policy violations include engaging in illegal content or activity, inciting or threatening violence or harm, and engaging in targeted harassment of other users, among others. Twitter said that going forward, it will take less severe action, in comparison to account suspension, such as limiting the reach of tweets that violate its policies or asking users to remove tweets before continuing to use the account.