X CEO confirms forthcoming in-app cost options

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Linda Yaccarino, the CEO of X (previously Twitter), revealed on Sept. 21 that the social media firm will quickly introduce cost options.

Yaccarino posted a video that described numerous upcoming options together with peer funds (“paying your good friend again for that cake”), retail funds (“snagging that new pair of sneakers”), and rewards (“incomes an revenue by being uniquely you”).

The video additionally listed a number of upcoming non-financial options associated to article sharing, photograph and video content material, Areas audio, and video calls.

Hypothesis that X would possibly incorporate funds started to construct after the corporate obtained cost licenses in a number of U.S. states, primarily in July and August. Present data point out that the corporate has obtained cash transmitter and comparable licenses in Arizona, Georgia, Maryland, Michigan, Mississippi, Missouri, New Hampshire, and Rhode Island. Its has additionally filed functions with the Monetary Crimes Enforcement Community (FinCEN), indicating that the corporate intends to supply cost providers all through the U.S.

No new crypto options (for now)

Although X’s new cost providers didn’t embody any cryptocurrency-related options, earlier stories counsel that that is nonetheless a risk.

In January, the Monetary Instances cited two unnamed sources who detailed the event of upcoming cost options. These sources mentioned that Elon Musk, who had just lately acquired Twitter, wished upcoming cost options to deal with fiat transfers whereas utilizing a design that may enable for eventual cryptocurrency help.

Musk was CEO of Twitter at the moment, and he at present serves as government chair and CTO of X.

Twitter/X at present presents sure crypto-related options. The platform helps Bitcoin and Ethereum tipping between customers and permits customers to set non-fungible tokens (NFTs) as their profile image.

It has additionally partnered with Stripe to supply creator payouts in USDC to pick customers, and with eToro to supply customers with entry to inventory and crypto purchases.

The publish X CEO confirms forthcoming in-app cost options appeared first on CryptoSlate.



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