X To Introduce Venmo-Styled Peer-to-Peer Payment Service In 2024

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 The rebranded social platform X, formerly known as Twitter, has set its sights on becoming an “everything app” by rolling out a peer-to-peer payment service later this year.


This move, reminiscent of Venmo or PayPal, aligns with Elon Musk’s vision for X as a central hub for users’ online lives.

X officially announced the planned feature in a blog post, stressing its intention to “enhance user utility and unlock new commerce opportunities.” While a specific launch date remains undisclosed, Musk previously hinted to Ark Invest CEO Cathie Wood that the service might appear as early as “mid-2024.”


This payment system aims to showcase the convenience of consolidating multiple aspects of users’ lives into a single platform, further propelling X towards Musk’s ambition of becoming a one-stop app for social media, video content, and more.


X Payments has already made headway in its preparations, securing money transmitter licenses for payments in 10 states and registering to operate in 32, as reported by TechCrunch in December.

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