Twitter (X) Confirms Payment Option Launch Soon
The post Twitter (X) Confirms Payment Option Launch Soon appeared on BitcoinEthereumNews.com.
X (formerly Twitter) is on the brink of launching a peer-to-peer payment functionality, advancing toward its vision of making it an “everything app”. Although X plans to initially integrate fiat currencies, the platform’s development hints at the potential future integration of cryptocurrencies. X CEO Linda Yaccarino has announced that X (former Twitter) is on the brink of launching a peer-to-peer payment functionality. Speaking at the Cannes Lions International Festival of Creativity in France, X CEO Linda Yaccarino highlighted the great cognitive breakthroughs the social media company has made to enhance user utility since she took over. This aligns with Elon’s vision, who took over the social media platform in late 2022, of making X the ultimate “everything app”. Since Elon’s takeover, it has been his lifelong dream to expand X’s capabilities far beyond social networking. Elon also wishes to enhance commerce opportunities on the platform by providing its users with an all-in-one dais. Under the leadership of Yaccarino, X has worked towards Elon’s vision describing the company’s vision and significant strides as “unprecedent.” X CEO stated: We are actually redefining what users will come to rely on. The scope of our vision, and the pace of innovation at the company, is like nothing I can describe. In mid-2023, X acquired multiple licenses to function as a payment facilitator across multiple U.S states which Linda mentioned as an important foundation for the upcoming payment system. This move is expected to significantly enhance user experiences on the platform. “There’s so many new things to experience. Think about that: Once we launch payments — we’ll start in the US — the financial system that will emerge on that platform,” Yaccarino noted. The “everything app” concept goes way beyond social media. Although the platform will start by supporting fiat currencies, the social media company’s…
Filed under: News - @ June 19, 2024 10:20 am