Business & Economy
Twitter/X is set to launch a payment system called ‘X Money’ in 2025
X, the social media platform previously known as Twitter, has unveiled plans to launch a new payment system, “X Money,” set to debut in 2025.
This initiative marks a significant step in the platform’s evolution into a broader all-encompassing “everything app,” reflecting its commitment to integrating diverse services into a single ecosystem.
Under the leadership of Elon Musk, X has been undergoing a series of transformative changes since its rebranding.
The introduction of X Money represents a move to expand beyond social networking, leveraging the platform’s vast user base to create a unified digital space where social, financial, and other services converge.
While details about X Money remain under wraps, the system is expected to allow users to make peer-to-peer payments, conduct online transactions, and facilitate business payments seamlessly within the app.
The initiative aligns with Musk’s vision to turn X into a multi-functional application akin to China’s WeChat, which combines messaging, social media, and payment services.
The development of X Money also suggests potential integrations with cryptocurrencies, given Musk’s longstanding interest in digital currencies like Bitcoin and Dogecoin. However, whether the platform will incorporate such features remains to be confirmed.
The launch of X Money could significantly alter the competitive landscape for digital payment systems, positioning X as a direct competitor to established platforms like PayPal, Venmo, and Cash App.
By embedding financial services into its social media platform, X aims to provide users with a more holistic experience, potentially increasing user engagement and retention.
Set for release in 2025, X Money is currently in development, with more updates expected as the launch date approaches. The company is anticipated to roll out the service in phases, possibly starting with a pilot program in select markets before expanding globally.
With the introduction of X Money, X is taking a bold step into the financial technology space, signaling a new era for the platform as it aims to redefine how people interact and transact in the digital world.
Business & Economy
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