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X Announces Peer-To-Peer Payment Service Will Launch In 2024

SonicSpike shares a report from Forbes: X, the social media site formerly known as Twitter, announced it would begin rolling out a peer-to-peer payment service similar to Venmo or PayPal this year -- a feature the social media site's billionaire owner Elon Musk has long pushed as part of his plan to...

SonicSpike shares a report from Forbes: X, the social media site formerly known as Twitter, announced it would begin rolling out a peer-to-peer payment service similar to Venmo or PayPal this year -- a feature the social media site's billionaire owner Elon Musk has long pushed as part of his plan to develop an "everything app." The company did not give a timeframe on when the new service would be available, but Musk previously told Ark Invest CEO Cathie Wood it could launch as early as "mid-2024." According to the company, the new payment service will "showcas[e] the power of living more of your life in one place," as owner Elon Musk continues to promote X as a future "everything app" capable of handling social media, video and other original content on the same site.

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