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Is X Payment about to launch? Twitter has obtained licenses in 25 states and will build a complete financial ecosystem?

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Is X Payment about to launch? Twitter has obtained licenses in 25 states and will build a complete financial ecosystem?

Elon Musk's payment dream seems to have taken a big step forward again. In addition to obtaining payment licenses in 25 states in the United States, Christopher Stanley, the Chief Information Security Officer of X (formerly known as Twitter), recently posted on X that users will be able to deposit money into their X wallet, transfer funds to other users on the platform, make purchases from stores, and even earn interest like using a bank account in the future.

Twitter Payment Licenses Granted in 25 States

To facilitate its payment services, Twitter Payments LLC, established in 2022, has been actively applying for licenses in various states. Musk has also expressed his hope for Twitter to offer fintech services, including peer-to-peer transactions, deposit accounts, and debit cards.

Since the beginning of this year, Twitter Payments LLC has rapidly expanded its payment licenses from 12 states to 25 states, nearly securing licenses in half of the states.

Musk's payment dream advances as Twitter secures payment licenses in twelve U.S. states

Is X Payment Ready to Launch?

After X announced in early January that it would introduce a dedicated payment feature account mid-year, the cryptocurrency community once again sparked hopes for the potential adoption of cryptocurrencies. However, its official account has not posted anything since its launch in January.

However, Christopher Stanley, X's Chief Information Security Officer, recently tweeted that X users will be able to deposit money into an X wallet, transfer funds to other users on the platform, make purchases from stores, and even earn interest just like using a bank account in the future. Users will not want to withdraw funds from X, as they can do everything they need on X.

From his tweets, it is conceivable that X is quietly and actively building a comprehensive financial ecosystem.

X Ad Revenue Sharing Platform Monetization Initiated

As X officially started ad revenue sharing last July, tech journalist Brian Krassenstein, who had 758,000 followers, shared the ad revenue he received from Twitter in a month, amounting to $12,632. He believes that creating valuable content continuously will bring rewards.

Therefore, some people also share on X that as the platform monetization on X begins, creators should find ways to increase the quality of their videos, long posts, etc., on X to gain more subscribers and receive revenue sharing, as Musk clearly aims to compete with YouTube.