"X Money, the social media platform's digital payment system, will enter early public access next month, as the 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 and the growing trend of digital and in-app financial transactions to open new revenue streams for X."
"Since buying X, formerly called Twitter, for $44 billion in 2022, Musk has touted a plan of making the platform an 'everything app,' aiming to offer a plethora of features including streaming, messaging, images, videos and payments."
Elon Musk announced that X Money, X's digital payment system, will launch early public access next month. This initiative supports Musk's broader vision of transforming X into an 'everything app' offering diverse features including streaming, messaging, images, videos, and payments. The move leverages X's substantial user base and capitalizes on the growing trend of digital and in-app financial transactions to generate new revenue streams. X previously partnered with payment company Visa to facilitate direct payment services for app users. Since acquiring X for $44 billion in 2022, Musk has consistently pursued this comprehensive platform expansion strategy.
Read at Newsmax
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