Mar 10 β€’ 18:26 UTC πŸ‡§πŸ‡· Brazil G1 (PT)

X Money: Elon Musk says he will launch X payment system in April

Elon Musk announced that the X payment system will be launched in April as part of his plan to transform X into a comprehensive app.

Elon Musk has recently announced that he plans to launch the X payment system in April. This move is part of his broader vision to evolve the social media platform X, previously known as Twitter, into a 'super app' that encompasses not only social networking but also a wide range of services such as streaming, messaging, and direct payments. The initiative reflects Musk's ambition to diversify and enhance the functionalities of X beyond its original purpose as a social media platform.

In preparation for this expansion, X established a partnership with Visa last year, aiming to implement direct payment services for users within the social media application. This strategic collaboration is expected to streamline financial transactions, making it easier for users to engage with content creators and services directly through the app. The integration of payment services showcases Musk's intent to create an interconnected ecosystem where users can communicate, transact, and consume entertainment seamlessly.

Musk's acquisition of Twitter in 2022 for $44 billion marked a significant shift in the platform's trajectory. Since then, he has consistently expressed goals to transform the user experience by incorporating a myriad of features that align with modern digital trends. The upcoming launch of X Money in April could be a pivotal moment for X, as it seeks to redefine its role in social media and digital finance, capitalizing on the growing demand for integrated online services.

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