The post Elon Musk Unveils X’s Payment Service Plan, Targeting Mid-2024 Launch appeared first on Coinpedia Fintech News
X to replace your bank? Elon Musk’s grand vision for Twitter, rebranded as ‘X,’ goes beyond mere tweets and hashtags. Imagine a social media platform that doubles as your financial hub—a one-stop ‘everything app.’ Musk, the mastermind behind this audacious idea, envisions X as a place where sharing thoughts seamlessly transitions into sending money.
Musk Reveals the Timeline for Payment Services
In a recent discussion with ARK Invest’s Cathie Wood on Dec. 21, Musk unveiled the projected timeline for X’s payment services, aiming for a full-fledged rollout by the middle of next year. However, this ambitious plan hinges on approving several pending money transmitter license applications, acknowledging delays attributed to bureaucratic processes.
Looking forward to talking with @elonmusk today at 5 pm ET on X Spaces! Can’t wait to hear his thoughts on t
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