PANews reported on June 18 that Linda Yaccarino, CEO of X, said that the social media platform (formerly known as Twitter) will soon launch a payment function for users and continue to develop towards becoming an "everything app." She said: "There are so many new things to experience. Think about it: once we launch payment services - we will start in the United States - the financial system will appear on this platform."
The upcoming financial ecosystem aims to integrate various technological features to provide users with numerous new experiences. The media reported that the feature will initially focus on fiat currencies, but is under development and may support crypto payments in the future. X had already made significant progress in July last year, obtaining three money transmission licenses, laying the foundation for its new payment system.