Elon Musk recently disclosed his plans to add payments feature to the X app (formerly Twitter) by mid-2024. The multi-billionaire tech mogul has been working towards his goal of transforming X into an ‘everything app’ — prior to Musk’s takeover of the platform, Twitter was characterised as a microblogging platform. Interestingly, Musk chose to leave out the mention of cryptocurrencies while speaking about his digital payments feature plan for X. Crypto payments remain a much-requested feature on X, especially among the platform’s avid cryptocurrency enthusiasts.
Musk told ARK Invest’s Cathie Wood in an interview on Thursday that several licence approvals are awaited before X could also function as a money transmitter. This means that users might have to wait until mid-2024 before the payments feature is finally rolled out on the platform, according to Musk. While Musk admitted that X was a bit late in sending all these required applications, he did not reveal any plans to integrate crypto with X’s upcoming payment feature. On the contrary, Musk recently revealed that he spends “hardly any” time mulling over digital assets while responding to a question generated by his own GenAI initiative called Grok.
This apparent cold shoulder that the tech mogul is giving the crypto sector has sparked discussions among users on the social media platform.
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