X to Launch Peer-to-Peer Payment Service in 2024

Elon Musk's social media platform continues its transformation into an 'everything app', with plans to enhance user utility and commerce opportunities.

X, formerly known as Twitter, is set to launch a peer-to-peer payment service this year, marking a significant step in its transformation into an 'everything app'.
The new payment service, which is being pushed by billionaire owner Elon Musk, is designed to enhance user utility and provide new opportunities for commerce.
X has already acquired the necessary licenses to process payments in 14 U.S. states.
The company also plans to introduce more original content, continue to invest in creators and content partnerships, and strengthen its advertising.
Despite some controversy over ad placements, X claims to be gaining 'unstoppable momentum' with record numbers of users using new services rolled out under Musk's leadership.