„We will launch peer-to-peer payments, unlocking more user utility and new opportunities for commerce, and showcasing the power of living more of your life in one place. 2023 was foundational for X, and 2024 will be transformational.” said X company in a blog post.
The blog post did not offer specific details about how the payments will work or when they will officially launch. According to the Nationwide Multistate Licensing System website, X Payments LLC — the payment subsidiary of X — has only obtained money transmission licenses in 14 states so far.
In a post on X in July, Musk said the company planned to add “comprehensive communications and the ability to conduct your entire financial world.” Months earlier, X introduced a feature in partnership with eToro, a social trading company, that allows users to access cryptocurrencies, stocks and other types of financial assets.
„X is set to revolutionize 2024 with groundbreaking products and services that will reshape how we connect, communicate, and transact. (…) X is not just another app – it’s becoming the everything app, seamlessly uniting experiences into one interface, for everyone.” the company added.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: