X announces peer-to-peer payments coming in 2024

Users will soon have more financial freedom on X thanks to upcoming peer-to-peer payments.

In a blog post on Tuesday, X announced that the payment method would be available sometime in 2024. In the announcement, the company said it hopes the change will allow users to live “more of your life in one place.”

The post did not detail when the payment method would be launched, what it would look like or if every X user will immediately have access.

Last July, X owner Elon Musk confirmed his intentions to integrate financial tools into X, saying he wants people to be able to control their entire “financial world” from the app. Following that, X partnered with stock trading platform eToro to allow X users to better navigate trading markets through the app.  

Additionally, X said that it will now be a “video-first” platform, promoting some of the new video features added to the site including longer videos and video chatting. The video promotion also coincides with the announcement that fired CNN anchor Don Lemon would be hosting a new show on X.

The introduction of peer-to-peer payments and the changes to video features are all part of MR. Musk’s greater scheme of turning X into an “everything app.” Everything apps are social media sites that allow users to control various aspects of their daily lives, from their social circles to their financial investments. Mr. Musk wants X to be a place where people can pay their bills, shop, talk to their friends and watch new and exciting content.