• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Service news

Twitter Pay? Elon Musk Applies To Get Payment Gateway License For Twitter

Paul Balo by Paul Balo
January 31, 2023
in Service news, Social Media
Share on FacebookShare on Twitter

Image Source

Elon Musk’s intention is to make Twitter the “Everything App” which means Twitter would gradually evolve from its primary social media space into other services and now it looks like the first could be payment. As difficult as it seems for Twitter to compete in the payments space, Elon Musk is not new to this space. Musk is hoping to take on services like PayPal (Venmo), Google Pay, Apple Pay and even Facebook Pay by applying for a license in the payments space. 

Elon Musk is a PayPal co-founder and some are already excited at the possibility of Musk floating a rival service. One of Elon Musk’s Twitter predecessors Jack Dorsey is now into the payments space with his company Block (formerly Square). 

In the past few months, Twitter has been dealing with acquiring the expected licenses to have the option to get its users to start using its own payment platform instead. This would allow users send and get cash between accounts similar to what Facebook is doing in some countries with Facebook Pay. 

Since Elon Musk’s Twitter takeover, about half of the top 100 advertisers have fled the microblogging site with more scaling back their advertisements on the site. Elon Musk quickly pushed for Twitter Blue and opened the door to just about anyone who would like the blue check mark for $8. The rollout was chaotic which led a temporary suspension of the service. 

Musk in an appeal to advertisers assured them that Twitter would not become a free for all platform where all kinds of abuse thrive. 

At its peak, Twitter was raking in about $5b in ad dollars but that since taken a hit as advertisers fled. However, it looks like more users than expected are paying for the blue checkmark which could be a good thing for Twitter revenue when the numbers are released. It makes sense that Elon Musk would want these billions processed through a payment gateway Twitter controls and because he found other services like Starlink and Tesla, the payment gateway could be extended to those services thereby extending the popularity of such services. 

There is also the political consideration whereby many on the right in the United States would rather close their PayPal accounts for an alternative by Elon Musk. 

It is not clear at this time if the Twitter application would be eventually considered but it is already causing a big buzz online. 

Related Posts:

  • es-052418-elon-musk-is-on-twitter-1527189506
    Elon Musk Will Step Down As Twitter And SpaceX CEO…
  • Elon Musk Is Ready To Acquire Twitter, And At The Original Price He Intended
    Elon Musk Is Ready To Acquire Twitter, And At The…
  • Twitter Undergoes Rebranding, Officially Changes Its…
  • apple_vs_elon_musk-sixteen_nine
    Elon Musk Says Apple Never Considered Taking Down…
  • Twitter-Apple
    Elon Musk's Twitter And Apple Are On A Collision Course
  • The Trial Between Twitter And Elon Musk Is Set To…
  • es-052418-elon-musk-is-on-twitter-1527189506
    Elon Musk Asks Court To Delay Twitter Trial Till…
  • A photo illustration shows Elon Musk’s twitter account
    Twitter Is Suing Elon Musk, Forcing Him To Honour…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: elon muskpaymentpayment gatewaytwitter
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

subscription from
Loading

Freshly Squeezed

  • MTN Group Nigeria Implements AI For Network Optimisation July 12, 2025
  • Teen-Founded Space Startup Secures Millions for Satellite Services July 12, 2025
  • Nigerian Banks Use AI to Transform Financial Services July 12, 2025
  • X Faces Declining Usage and Rising Competition After CEO Exit July 11, 2025
  • Microsoft Updates Windows 11 Blue Screen of Death July 11, 2025
  • YouTube Closing Trending Page After 10 Years July 11, 2025

Browse Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    

Quick Links

  • About TechBooky
  • Advertise Here
  • Contact us
  • Submit Article
  • Privacy Policy
  • Login

© 2025 Designed By TechBooky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • Artificial Intelligence
  • Gadgets
  • Metaverse
  • Tips
  • About TechBooky
  • Advertise Here
  • Submit Article
  • Contact us

© 2025 Designed By TechBooky Elite

Discover more from TechBooky

Subscribe now to keep reading and get access to the full archive.

Continue reading

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.