Elon Musk announced on Tuesday that "X Money," the digital payment system from the social media platform "X," will launch early public access next month. This is part of the billionaire's effort to transform X into an all-inclusive app.
Musk is trying to use the platform's large user base and the growing trend of digital and in-app payments. He wants to create new revenue streams for X. This is reported by Reuters.
Last year, X partnered with the payment company "Visa." They started offering direct payment services to users of the social media app.
Since buying X (formerly Twitter) for $44 billion in 2022, Musk has promoted a plan. He wants to make the platform an "everything app." This app aims to offer many features. These include live streaming, messaging, photos, videos, and digital payments.