X Payments is Near | NextBigFuture.com
X Payments is coming soon!
– The feature is being tested internally on iOS and web
X Payments still faces several hurdles before it can fully implement its P2P payment feature:
* The company needs to obtain money transmitter licenses in the remaining U.S. states and territories.
* After securing “transmitter” licensing, X will also need to obtain “payment processor” approval in each state to facilitate direct in-stream shopping3
* Global expansion will require navigating complex regulatory environments in other countries.
X Payments is coming soon!
– The feature is being tested internally on iOS and web
– New string has been added to X 10.66 beta (iOS)
New:
Accept transfert
Action needed
Add Money
By clicking “Continue”, you agree to the X Payments Terms & Conditions
X Payments Terms &… pic.twitter.com/ancsOcTOA6
— P4mui (@P4mui) November 1, 2024
Potential for Fiat and Cryptocurrency Support
There are expectations that the payment system might support both fiat currency and cryptocurrencies.
Integration with Existing Platform
The P2P payment feature will be integrated directly into the X app, allowing users to conduct financial transactions within the same interface they use for social media. This integration aims to showcase the power of living more of your life in one place.
Part of a Plan for An Everything Appp like WeChat
The P2P payment feature is part of Musk’s broader vision to transform X into an “everything app” that combines social media, payments, and various other services. This approach is inspired by apps like WeChat in China, which integrates messaging and financial service.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
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