Social media platform X (formerly Twitter) will launch a peer-to-peer (P2P) payment system this year.
In a Jan. 9 post outlining its roadmap for the new year, the microblogging platform unveiled plans for this payment system, emphasizing its potential to enhance user utility and open new avenues for commerce.
“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,” X stated.
This innovative payment feature has the potential to revolutionize X’s platform by enabling millions of its users to transfer funds among themselves securely. It would signify a significant leap and position the platform to expand into a comprehensive financial services provider.
The platform owner Elon Musk had hinted that this feature could be introduced by mid-2024.
Meanwhile, X did not explicitly confirm whether its P2P system will involve fiat currency or cryptocurrencies, but given Musk’s
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