Twitter CEO Announces Introduction of Payments Functionality on Platform

• Twitter CEO plans to introduce payments feature, transforming user engagement.
• Yaccarino leads Twitter's expansion into AI, audio calls, and video streaming.
• Celebrities like Ariana Grande influence meme coin trends on social media.
• Musk hired Yaccarino to accelerate Twitter's evolution into an "everything app."
• Twitter obtained money transmitter licenses, hinting at future crypto payment support.
• Musk's vision for Twitter includes banking and dating features alongside payments functionality.

Summary :

Twitter CEO Linda Yaccarino announced that payments functionality will soon be introduced on the platform, transforming the way users engage with each other. Yaccarino described the scope of Twitter's vision and the pace of innovation as unprecedented. She was appointed CEO last year after Elon Musk acquired the company and has overseen its expansion into areas like AI, audio calls, and video streaming. Yaccarino highlighted the significant growth in information available on Twitter and the platform's transition to a video-first platform. The company has made progress on payments, obtaining three money transmitter licenses last year. While the feature is initially expected to involve fiat currencies, it is being built to support crypto payments in the future.

Sources :

- Decrypt