Last Friday, the state of Arizona joined Michigan, Missouri and New Hampshire in granting a money transmitter license to Twitter subsidiary Twitter Payments LLC, according to the Nationwide Multistate Licensing System (NMLS).
“I can verify that we did issue a money transmitter license to Twitter Payments LLC,” said James McGuffin, an assistant director for the Arizona Department of Insurance and Financial Institutions, during a Monday interview.
Getting those licenses is an important step in letting Twitter users send and receive money, a goal expressed by owner and CTO Elon Musk, who acquired the company last October.
Source: Payments Dive
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. 