April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/expanding-payment-capabilities-in-the-x-platform/" data-wpel-link="internal">Expanding Payment Capabilities in the X Platform</a><br></p>
<p class="p1" style="text-align: justify"><a href="https://coin-turk.com/bis-carpici-kripto-para-raporu-dunyanin-en-buyuk-20-ekonomisinin-maliye-bakanina-gonderildi" data-wpel-link="internal">Crypto currency</a> market developments continue to make headlines. Accordingly, Christopher Stanley, the executive responsible for payments at X, explained that one day X users could use the platform to send money to other users, purchase products from stores, and even earn interest income from the money in their accounts like a bank account.</p> 
<h2 class="p1" style="text-align: justify" id="noteworthy-statements-for-x">Noteworthy Statements for X</h2> 
<p class="p1" style="text-align: justify">Christopher Stanley, X’s information security officer, stated in a post dated April 22 that X’s payment capabilities will expand beyond just tipping to include an in-app wallet that could store and send money to other X users, and he added:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“Think of Venmo at first. As things develop, it could gain interest, buy products, and eventually be used to purchase things in stores.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-343465" src="https://coin-turk.com/wp-content/uploads/2024/04/christopher.webp" alt="" width="500" height="202"></p> 
<p class="p1" style="text-align: justify">Stanley added that the ultimate goal of X payments is to create a fully functioning financial ecosystem where users never have to withdraw money for any typical transaction:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“The ultimate goal is, if you have any incentive to withdraw money from our system, then we have failed; you should never need to withdraw because you should be able to do everything you need on our platform.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify">Stanley’s comments came just three days after X received a money transmission license in the state of Tennessee on April 19. With the latest license secured, X now has money transmission licenses in a total of 25 states in the United States.</p> 
<h2 id="img-loading-lazy-loading-lazy-decoding-async-class-aligncenter-wp-image-343464-size-full-src-https-coin-turk-com-wp-content-uploads-2024-04-nmls-webp-alt-width-976-height-739"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-343464 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/nmls.webp" alt="" width="976" height="739"></h2> 
<h2 class="p1" style="text-align: justify" id="elon-musk-and-the-crypto-space">Elon Musk and the Crypto Space</h2> 
<p class="p1" style="text-align: justify">On December 21 last year, Elon Musk, chairman of the board at X, told Cathie Wood, CEO of ARK Invest, that he planned to launch in-app payment services at X by mid-2024. At that time, he hoped to start financial services earlier but was weighed down by bureaucratic processes.</p> 
<p class="p1" style="text-align: justify">Several commentators shared that X’s upcoming payment feature would initially only support fiat currencies, but it was reported that Musk instructed X’s developers to build the payment system in a way that could add crypto functionality in the future.</p> 
<p class="p1" style="text-align: justify">Despite Musk’s high level of interest in cryptocurrency in the past, as evidenced by Tesla still holding 9,720 <strong><a href="https://coin-turk.com/dikkat-ceken-spot-bitcoin-etf-yorumu-2024ten-once-onay-cikabilir-mi" data-wpel-link="internal">Bitcoin</a></strong> and <a href="https://coin-turk.com/elon-musktan-dikkat-ceken-yeni-dogecoin-doge-paylasimi" data-wpel-link="internal">Dogecoin</a> being accepted as a currency in the electric car company’s commercial store, Musk cast a shadow over hopes for crypto integration at X.</p> 
<p class="p1" style="text-align: justify">In December, he told Wood that he had almost no time to think about cryptocurrency. Since then, he has not made any statements confirming that crypto will be used for X payments.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/expanding-payment-capabilities-in-the-x-platform/" data-wpel-link="internal">Expanding Payment Capabilities in the X Platform</a></h5>

Expanding Payment Capabilities in the X Platform

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