Tech

X Payment Features: Will X Add Crypto Payments To ‘The Everything App’?

A cryptocurrency-focused feature that allowed users to add Bitcoin and Ethereum addresses to their accounts for tips was previously introduced by the firm.

X Payment Features: On September 21, X held its first Client Council in New York, with a large number of prominent representatives from the top businesses in attendance.

The event revealed a number of new features, including video calling and payment possibilities, even though the newly rebranded X (from Twitter) intends to become “The Everything App.” Despite possessing the necessary licence, the company has not yet announced the integration of much anticipated P2P cryptocurrency payments.

CEO Linda Yaccarino convened the Client Council, which featured the efforts of the X team, including product roadmaps, content collaborations, and work on safety.

A spark was ignited in the bitcoin ecosystem in August when X got the licence necessary for cryptocurrency payments. The social media business made a step towards realising its goal of being a “everything app” with this decision.

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X Payment Features: Will X Add Crypto Payments To ‘The Everything App’?

A peer-to-peer payments function was alluded to in the Client Council event highlight video, but it is not stated whether transactions will only be made using cryptocurrencies.

Since Elon Musk acquired control of X in a $44 billion purchase in October 2023, the firm has undergone a number of important changes. As a major, he changed Twitter’s name to X and shared an ambition to transform it into an all-purpose software, claiming that it is no longer only a “tweet” platform.

Elon’s affection for Dogecoin is evident from the time he once swapped the Twitter logo with the Dogecoin one. Additionally, he has repeatedly made references to including Dogecoin integrations in the platform. It’s inevitable that Elon will bring a crypto-focused application to X given his odd yet excellent track record of daring deeds.

A cryptocurrency-focused feature that allowed users to add Bitcoin and Ethereum addresses to their accounts for tips was previously introduced by the firm. However, it only included a blockchain address that was embedded.

The tech sceptics are anxiously anticipating peer-to-peer cryptocurrency payments now that X has everything it needs to grow into a digital behemoth.

Sweta Bharti

Sweta Bharti is a content writer at Eduvast who specializes in health, wellness, education, and informational content. She is currently pursuing a Bachelor of Ayurvedic Medicine and Surgery (BAMS) degree and has a growing academic foundation in Ayurveda, preventive healthcare, nutrition, and holistic wellness. At Eduvast, she focuses on creating well-researched, reader-friendly content that helps readers understand complex topics in a simple and accessible manner.