Elon Musk announced that X's digital payment system, "X Money," will launch into early public access next month. This initiative aims to leverage the platform's large user base and the trend of digital transactions to create new revenue streams.
The company has partnered with Visa to facilitate direct payment services for its users. This move is a key part of Musk's broader strategy to transform X into an "everything app" offering a wide range of features beyond social media.
The main topics covered are the launch of X Money, the partnership with Visa, and the overarching goal of developing X into a comprehensive "everything app."
Elon Musk on Tuesday said X Money, the social media platform's digital payment system, will enter early public access next month, âas â the â billionaire pushes to transform X into an "everything app."
The move comes as the Tesla chief looks to take advantage of the platform's sizable user base â and the âgrowing trend of digital and in-app financial transactions â to open new revenue streams for X.
X partnered with payment company Visa last year to help offer direct payment services to customers of the social media âapp.
Since buying X, formerly called Twitter, for $44 billion âin 2022, âMusk â has touted a plan of making the platform an "everything app," aiming to âoffer a plethora of features including streaming, messaging, images, videos and payments.
The move comes as the Tesla chief looks to take advantage of the platform's sizable user base â and the âgrowing trend of digital and in-app financial transactions â to open new revenue streams for X.
X partnered with payment company Visa last year to help offer direct payment services to customers of the social media âapp.
Since buying X, formerly called Twitter, for $44 billion âin 2022, âMusk â has touted a plan of making the platform an "everything app," aiming to âoffer a plethora of features including streaming, messaging, images, videos and payments.