According to a recent report on the Re/code site, popular social network Twitter appears to be getting serious about commerce on its service; and is probably close to finalizing an agreement with payment services firm Stripe.
The site posted mockups, reportedly created by Fancy, of what would be called Twitter Commerce, a new program that would allow people to purchase items through Twitter. The documents, discovered in a public area of Fancy.com’s website, showed a “buy” button embedded directly in tweets. Customers would have to provide Twitter with payment credentials prior to using the service.
Twitter will report its first ever quarterly earnings next Wednesday with investors and analysts sure to be interested in Twitter Commerce and other plans for bringing in revenue.
Twitter’s decision to add revenue streams may be a good move for the company but following the recent series of hacks on the social network site raises questions about the safety of user’s financial data.
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