Social network X, formerly Twitter, has announced that it will launch a peer-to-peer payment service similar to Venmo or PayPal this year.
It's a feature that the site's billionaire owner Elon Musk has been promoting for some time as part of his plan to develop an "app for everything."
Social network X has officially announced the new feature in a post on his blog, showcasing the new service designed to improve “usability and provide new opportunities for commerce”.
The company didn't give a timeline for when the new service would be available, but Musk had told Ark Invest CEO Cathie Wood that it could launch as early as "mid-2024."
According to the company, the new payments service will "demonstrate the power of living more of your life in one place," as owner Elon Musk continues to promote X as a future "everything app" capable of handling social media. networking, video and other original content on the same site.
X Payments is registered to do business in at least 32 states, according to public filings, and has obtained the money management license required to process payments in 10 states, TechCrunch reported in December.
George is still wondering what he is doing here….
