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Sunday, April 21, 2024

No word on user-requested cryptocurrency integration. Elon Musk to Upgrade X Soon With Payment Features

<p>Elon Musk has revealed his intentions to integrate payments into the X app, previously known as Twitter, by the middle of 2024. The multibillionaire software tycoon has been pursuing his objective of turning X into an “everything app”; before Musk took over, Twitter was mostly known as a microblogging site. Interestingly, Musk didn’t bring up cryptocurrencies while discussing his goal to integrate digital payments into X. The ability to make cryptocurrency payments is still a highly demanded feature on X, particularly for the platform’s ardent supporters.</p>
<p><img decoding=”async” class=”alignnone wp-image-318533″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-images-45.jpg” alt=”theindiaprint.com images 45″ width=”793″ height=”444″ title=”No word on user-requested cryptocurrency integration. Elon Musk to Upgrade X Soon With Payment Features 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-images-45.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/12/theindiaprint.com-images-45-150×84.jpg 150w” sizes=”(max-width: 793px) 100vw, 793px” /></p>
<p>In an interview with Cathie Wood of ARK Invest on Thursday, Musk said that X cannot operate as a money transmitter until many license licenses are obtained. According to Musk, this implies that consumers may have to wait until mid-2024 for the platform to eventually implement the payment capability. Musk acknowledged that X was a little behind schedule in submitting all of these necessary applications, but he made no mention of any intentions to include cryptocurrencies in X’s next payment function. In contrast, Musk recently said that he doesn’t spend “hardly any” time considering digital assets in response to a query posed by Grok, his own GenAI project.</p>
<p>Users on the social networking site have started talking about the tech mogul’s apparent disdain for the cryptocurrency industry.</p>
<p>The Sandbox, a metaverse firm, is reportedly doubling down on initiatives related to India.</p>
<p>X had obtained licenses to transfer cash in Rhode Island, Michigan, Missouri, and New Hampshire as of August of this year.</p>
<p>Notably, despite Musk’s continued silence on cryptocurrencies, his electric vehicle business Tesla still has $148 million (approximately Rs. 1,232 crore) worth of Bitcoin. Additionally, the firm allows customers to use Dogecoin to buy certain Tesla items. The Boring Company, owned by Elon Musk, was reportedly accepting DOGE payments from passengers using the Las Vegas transportation system in 2022.</p>
<p>Top Crypto Adoption Reasons Unveiled by Binance Survey: Read Here<br />
In April, a rumor surfaced stating that Musk had suggested using his preferred cryptocurrency, Dogecoin, as a mode of payment for anyone wishing to use Twitter Blue services. However, as the months passed, it did not occur. It’s still unclear at this time whether X intends to accept cryptocurrency transactions as part of the next payment functionality.</p>

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