The X factor: X is about to launch payment features!💰
X Payments is coming, will social finance undergo a new transformation?⚡️
The integration of social media and finance has become a trend. By the end of 2024, X (formerly Twitter) CEO Linda announced that X Payments will launch in the United States in 2025, with its code having been quietly updated.
This move is significant, embedding finance into social interactions, greatly enhancing convenience, making it easier for creators to monetize and small businesses to attract traffic, consolidating X's ecological advantages and promoting the integration of "social + business + finance."
Competitor Meta launched Meta Pay a few years ago, primarily for transactions on its own platforms, but advertising revenue is the main source of Meta's income. Meta Pay's data has not been disclosed and resembles an extension of traditional payments. Musk, on the other hand, aims to position X Payments (also known as X Money) as a competitor to traditional banks, intending to make it the core of the platform.
Musk is enthusiastic about cryptocurrencies (such as doge, bitcoin), and X Payments may become a testing ground for integrating crypto with mainstream finance.
With the launch of X Payments, competition in the payment sector is intensifying. Will it reshape the digital wallet landscape? Stay tuned for further developments.
Musk's theme little puppies 𝗽𝘂𝗽𝗽𝗶𝗲𝘀 have great potential for the future and are worth watching!