Twitter receives cash transmitter licenses in three US states

Twitter Funds LLC, a subsidiary of Elon Musk’s Twitter social community, seems to have acquired its first cash transmitter licenses after Michigan, New Hampshire and Missouri accepted the corporate’s functions.

A cash transmitter license permits an organization to offer switch companies or fee devices. This differs from a license to conduct gross sales in that it’s meant to offer shopper protections for companies that facilitate the transmission of cash from one occasion to a different, not simply the acquisition of services and products.

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