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X working on 'payments' button

Social network X could be close to adding a payments button as it builds towards Elon Musk’s ambitions of transforming the platform into an "everything app" where users can conduct their "entire financial life".

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X working on 'payments' button

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As reported by TechCrunch, app researcher Nima Owji has spotted a “Payments” button in the navigation bar on X under the bookmarks tab. Owji has also dug up references for new payment features, such as “transactions, balance, and transfer.”

The payments push comes as X has been struggling to attract advertising revenue since Musk bought the company formerly known as Twitter. This week, the firm filed an antitrust lawsuit against advertising groups over a "boycott".

Last week, X Payments was granted a money transmitter license in its 33rd state, North Dakota.

Musk's ambitions extend beyond payments. In October 2023, at an all hands call with employees, he said: “When I say payments, I actually mean someone’s entire financial life. If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

“It would blow my mind if we don’t have that rolled out by the end of next year," Musk told staffers.

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Steven Klebe

Steven Klebe Business Dev - Android Pay at Google

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