Is Twitter On Its Way to Becoming a Social Shopping Platform?

Twitter is reportedly in talks with Stripe to enable payments, which could turn the platform into a powerful hub for social shopping.

social shopping

Recode has been reporting that Twitter is in talks with Stripe, a payments and checkout API company. The purpose of these talks is to bring a “buy” button to Twitter, allowing users to make purchases right from their feed.

Jason Del Rey, senior editor for Recode, writes: “Businesses that want to sell products or services within tweets are being instructed to sign up with Stripe to process payments on their behalf. While Stripe is believed to be Twitter’s only payments partner now working on the e-commerce business, it’s not clear whether that will remain the case over the long haul.”

While this may smack of the rumor mill at work, Twitter has been looking for ways to increase monetization and to provide better tools for businesses.

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