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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, picture and video content material, Areas audio, and video calls.
Hypothesis that X may 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 offer 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 studies recommend that that is nonetheless a chance.
In January, the Monetary Occasions cited two unnamed sources who detailed the event of upcoming cost options. These sources mentioned that Elon Musk, who had not too long ago acquired Twitter, needed upcoming cost options to concentrate on fiat transfers whereas utilizing a design that will permit for eventual cryptocurrency assist.
Musk was CEO of Twitter at the moment, and he presently serves as government chair and CTO of X.
Twitter/X presently gives 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 out customers, and with eToro to offer customers with entry to inventory and crypto purchases.
The submit X CEO confirms forthcoming in-app cost options appeared first on CryptoSlate.
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