According to swak_12, an X account that provides leaked information from various applications, the “X Payments” feature, which will be the payment system in X, may be available soon.
swak_12 supported this in his post with the image of the “Payments” section in the menu.
However, there is no word yet on when this feature will be available on X.
However, although Musk is known as one of his closest cryptocurrency friends, according to the latest information, this system will not include cryptocurrencies.
The company told regulators in Maine this year that it had no plans to allow users to send and receive virtual currencies, Bloomberg reported.
Social media platforms have historically struggled to incorporate crypto: Facebook announced plans to launch the Diem stablecoin in 2019, but was shut down by regulators within a year of its pilot.
Musk took over the social media platform formerly known as Twitter in late 2022, as the company’s finances were deteriorating.
Tesla’s founder has been exploring new ways to make money ever since, embarking on a challenge to make X the “everything app.”
*This is not investment advice.