Social Platform X is about to launch peer-to-peer (P2P) payment capabilities

[ad_1]

In order to improve user experience and strive to become an “everything app in one”, X plans to launch new payment features and use artificial intelligence on the platform.

January 9, social network platform

With the launch of the new payment system, X emphasized that the platform will enhance user convenience and open up new business avenues.

According to the announcement, this innovative payment feature has the potential to revolutionize the X platform by allowing millions of users to transfer money securely. At the same time, it also represents a major leap forward, allowing the platform to expand into a comprehensive financial services provider.

It is worth noting that X did not explicitly disclose whether its P2P system involves fiat currencies or cryptocurrencies, but given Elon Musk’s pro-cryptocurrency tendencies, it is expected to lean towards the latter.

However, despite his support for cryptocurrencies, the tech billionaire confirmed that none of his companies will launch their own coins.

The P2P payment feature is expected to be launched in mid-2024.

In addition to P2P payment functions, X also plans to enrich user experience, content and advertising capabilities by applying artificial intelligence (AI). This planned development is in line with X’s wider strategy of evolving from a foundational phase into more transformative “everything apps”.

VIC encryption compilation

related news:

The new “pastime” is called XRC20: the first social inscription token released with the X platform