X could launch its in app payments feature sooner than expected; Here’s what Elon Musk is planning

TL;DR


1. Elon Musk's Twitter, now known as "X," is reportedly planning to launch an in-app payments feature sooner than expected. This feature would allow users to send and receive money directly within the platform, potentially disrupting the traditional online payment landscape.

2. The article suggests that Musk's vision for X includes transforming it into a "super app," similar to WeChat in China, which offers a wide range of services beyond just social media, including payments, e-commerce, and more. This ambitious plan could help X generate additional revenue streams and increase user engagement.

3. The article also mentions that Musk has been in discussions with the U.S. Treasury Department and other regulators to obtain the necessary licenses and approvals for the in-app payments feature. This suggests that X is taking the necessary steps to ensure compliance and navigate the regulatory landscape as it prepares to launch this new functionality.

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