C.E.O. of Tesla, C.E.O. of SpaceX and C.T.O. of X Elon Musk speaks through the New York Occasions yearly DealBook summit on November 29, 2023 in New York Town.
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Elon Musk’s social media platform X, previously recognized as Twitter, announced it will launch peer-to-peer payments this 12 months, in accordance to a Tuesday blog write-up.
X stated the payments will unlock “a lot more consumer utility and opportunities for commerce” as the platform performs to “revolutionize 2024.” The website write-up did not offer you unique details about how the payments will work or when they will officially launch.
Introducing peer-to-peer commerce to the platform would mark the latest sweeping modify at X due to the fact Musk obtained the organization for $44 billion in late 2022. Musk, who is also the CEO of Tesla and SpaceX, has been pushing to rework X into an “anything application” wherever buyers can carry out a assortment of capabilities from posting to controlling funds.
In a publish on X in July, Musk said the firm prepared to increase “in depth communications and the capability to conduct your full economic globe.” Months before, X released a function in partnership with eToro, a social trading corporation, that lets users to access cryptocurrencies, shares and other kinds of fiscal property.
The business said it will also introduce a lot more first articles and expertise, continue to invest in creators and information partnerships and strengthen advertisements this calendar year, in accordance to the Tuesday site article.
“X is not just an additional app – it is really turning into the every little thing app, seamlessly uniting encounters into just one interface, for everyone,” the company wrote.
X did not quickly answer to CNBC’s ask for for comment.
