X To Bring Payments Integration and Much More, Teases CEO

X, formerly Twitter, is making big moves to revamp its Everything app including the integration of payments solutions on the platform. X CEO Linda Yaccarino recently shared a video on the platform hinting at what’s all to come to X, along with the ability to pay users through simple chat features.

Through its Everything app, X is planning to bring a personalized experience to users right from information sharing, to engaging in community discussions, calling your loved ones, making online purchases, and sending money instantly, all while earning handsome income by being part of Meta’s creator community.

a hint of what’s to come. who's in? https://t.co/TYEevYJlfL pic.twitter.com/G0DTLeHQic

— Linda Yaccarino (@lindayaX) September 20, 2023

As we know, Elon Musk has been trying to provide a holistic one-stop experience through its Everything app. Also, Musk has been a strong proponent of crypto, especially Dogecoin. Elon Musk taking complete control of Twitter last year, now X, has caused many to speculate that DOGE payments could be coming soon to the platform.

In this anticipation, the DOGE price entered a strong rally last year. Dogecoin still continues to occupy a spot among the top ten digital assets by market cap.

X Users Might Have to Pay to Use the Platform

Earlier this week, reports emerged that Elon Musk is willing to charge users for using the X platform. The recent allegations have instilled anxiety among platform users, sparking worries that a forthcoming fee could be imposed on all account holders to maintain their access.

Nevertheless, countering these assertions, Musk affirmed through a post on X that the allegations are unfounded, and he harbors no intentions of implementing fees for all users on the X platform. This declaration has garnered accolades from numerous users, alleviating apprehensions prevailing in the market.

In a recent post, Elon Musk’s purported statement regarding the introduction of a modest monthly fee for all X platform users stirred controversy. However, the Community Notes deemed it to be a deceptive post.

On the other hand, Elon Musk has also agreed to the data sharing of his X platform amid rising scrutiny from German regulators. The volume of cases in which X complies with German requests has seen a significant uptick. Sebastian Murer from the Munich public prosecutor’s office disclosed that X currently shares user data with Bavarian authorities in a range of 50 to 100 cases every month. These figures indicate a substantial surge following the acquisition

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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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