Topics
Latest
AI
Amazon
Image Credits:Matt Cardy / Contributor / Getty Images
Apps
Biotech & Health
clime
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
Fundraising
Gadgets
Gaming
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
security measure
Social
distance
Startups
TikTok
Transportation
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
TV
Partner Content
TechCrunch Brand Studio
Crunchboard
adjoin Us
X ( formerly Twitter ) looks like making progress on itsupcoming payments system , bringing it closer to Elon Musk ’s imagination of turn X into an “ everything app . ”
According to arecent findingby app researcher Nima Owji , the society is puzzle out on impart a “ Payments ” clit to the sailing bar under the bookmarks chit . Owji , who made the discovery yesterday , told TechCrunch that he found reference book for new requital feature , such as “ minutes , balance , and channelize . ”
break : X defrayment is coming soon!pic.twitter.com/8JBIHjHOls
When Musk initially acquired the societal networking app formerly known as Twitter , he envisioned a weapons platform where user could store money in their ex accounts , send payment to other users , and potentially access high - yield money securities industry account .
The latest finding tells us the launch of a defrayment service is likely soon , which is in line with Musk ’s former goal of mid-2024 , which he order Ark Invest chief operating officer Cathie Wood during an consultation on X Spaces in December .
to boot , the company has been making progress on obtainingmoney transmitter licenses , allowing it to engage in money transfers in the U.S. Last week , decade Payments(a wholly owned foot soldier of X ) was give a license in North Dakota , bringing the full number of country to 33 . In July , it was approved in Alabama , California , and the District of Columbia . Others admit Illinois , Louisiana , Nebraska , New Mexico , North Carolina , Ohio , Oregon , South Carolina , Tennessee , Utah , Virginia , and West Virginia , and more .
With 10 facing challenges in monetizing through publicizing , the requital Robert William Service is the company ’s endeavor at an substitute reservoir of revenue . On Tuesday , the company just file anantitrust lawsuitagainst advertizing groups over an advertiser boycott that result in significant financial losses for X.
