According to a new blog post from the platform, Elon Musk’s X (formerly Twitter) is launching peer-to-peer payments this year. Indeed, the platform stated its work in 2023 “laid the groundwork for the global town square” to come to fruition in 2024.
The development is a key part of realizing Musk’s vision for the social media platform. As stated in the blog post, the company is working to make X “the everything app, uniting experiences into one interface, for everyone.” Moreover, the launch of peer-to-peer payments is poised to be a crucial part of that growth plan.
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X Announces Peer-to-Peer Payments Coming in 2024
Since his landmark $44 billion acquisition of Twitter last year, Elon Musk has worked to overhaul the platform. Building on its vast user base, the Tesla CEO has sought to enhance and expand the capabilities of the social media network. Subsequently, the coming year is set to bring that ultimate vision ever closer to fruition.
In a recent blog post, Elon Musk’s X announced that it is set to introduce peer-to-peer payments to the platform this year. Specifically, the company listed the development as a foundational part of its plan moving forward. They stated that it will unlock “more user utility and new opportunities,” for users.
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The company did not offer specific details on the payment process or an expected date for launch. However, Musk has previously confirmed that he is seeking a mid-2024 launch date for the feature. In July, Musk stated the desire for X to encompass a user’s “entire financial world.” Subsequently, peer-to-peer payments are a massive step in that direction.
Additionally, the post noted its continued use of artificial intelligence to help its functionality. Moreover, the post states that features like user advertising experience, and the See Similar Post feature will receive AI enhancements. Alongside these updates will be a greater investment in content creation, with a focus on “more original content” for the platform.