Twitter receives money transmitter licenses in 3 US states
Twitter has recently obtained money transmitter licenses in Michigan, Missouri, and New Hampshire, as confirmed by Nationwide Multistate Licensing System database records. The approved licenses, granted between June 29 and July 3, 2023, demonstrate Twitter’s commitment to meeting the regulatory requirements of these states. The social media platform intends to expand into the realm of payment services. While the licenses in Michigan and New Hampshire are called “Money Transmitter Licenses,” the one in Missouri is called a “Sale of Checks and Money Transmitter License.” However, this naming distinction results from state-specific terminologies rather than reflecting different planned services. NEWS: Twitter has finally secured its first money transmitter licenses in several US states. pic.twitter.com/gziiRgelYU — T(w)itter Daily News (@TitterDaily) July 5, 2023 By acquiring money transmitter licenses, Twitter gains authorization to provide tra...