Musk Targets Mid-2025 Debut for X In-App Payments, Crypto on Hold
Elon Musk's X plans to launch in-app payment services by mid-2025, indicating a shift from his previous crypto interests to fiat currency. Tech Mogul Elon Musk’s latest venture, ‘X,’ is poised to roll out in-app payment services on its social media platform around mid-2025. However, the integration of cryptocurrencies is on hold for now.
Social media platform X (formerly Twitter) is expected to launch its in-app payment services as early as the middle of 2025, revealed Elon Musk in a conversation with investors. With X now obtaining payment licenses across a dozen states in the United States, Musk said the app is ready to start its payment services come 2025 at an undisclosed date.
Elon Musk outlined his vision for the in-app payment services on X, anticipating full functionality by the “middle of next year” – now understood to be mid-2025. However, the realization of this timeline is contingent upon regulatory approvals and further development.
The Elon Musk’s revelation regarding the imminent launch of in-app payment services on X introduces fresh possibilities to the tech landscape. While Musk’s initial aspirations leaned towards cryptocurrency integration, the current focus is primarily on fiat currency payments within X.
Key Takeaways:
- X (formerly Twitter) aims for mid-2025 launch of in-app payments.
- Crypto integration is currently on hold.
- Focus is on fiat currency transactions.
- Payment licenses secured in multiple US states.