.jpg){kind=avatar}
When Musk initially acquired the social networking app formerly known as Twitter, he envisioned a platform where users could store money in their X accounts, send payments to other users, and potentially access high-yield money market accounts. The latest finding tells us the launch of a payment service is likely soon, which is in line with Musk’s previous goal of mid-2024.
With X facing challenges in monetizing through advertising, the payment service is the company’s attempt at an alternative source of revenue. On Tuesday, the company just filed an antitrust lawsuit against advertising groups over an advertiser boycott that resulted in significant financial losses for X.
https://techcrunch.com/2024/08/06/x-twitter-payment-service-update/?stream=top
unknownx500
