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In a significant development, social media platform X, owned by Elon Musk, is set to launch peer-to-peer payments later this year. The announcement, made in a blog post on Tuesday, marks a strategic move towards transforming X into an "everything app." As the platform aims to enhance user utility and explore new opportunities for commerce, the introduction of peer-to-peer payments is poised to reshape the digital landscape.
Since Elon Musk's acquisition of X in 2022 for a staggering $44 billion, the entrepreneur has consistently advocated for transforming the platform into an all-encompassing application. The. . .