{"id":18481,"date":"2024-04-23T08:31:36","date_gmt":"2024-04-23T08:31:36","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=18481"},"modified":"2024-04-23T08:31:36","modified_gmt":"2024-04-23T08:31:36","slug":"x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/","title":{"rendered":"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem"},"content":{"rendered":"<div class=\"px-5 py-3 border border-gray-300 rounded-md text-left text-gray-500 flex flex-col gap-2 sm:text-base text-xs\"><span class=\"text-with-replacments\">As part of the strategy to expand its services, the widely used social media platform X is set to roll out a wide range of payment features, which will turn its app into a multi-purpose financial centre.<\/span><\/div>\n<p><strong>X&#8217;s Vision for a Seamless Financial Experience<\/strong><\/p>\n<p><span class=\"text-with-replacments\">Users were about to use the platform to pay money, buy things and even earn interest on their account balances, the head of payments of the company, Christopher Stanley, said.<\/span><span class=\"text-with-replacments\">\u00a0Stanley stressed that the forthcoming payment functionalities would be more than just peer-to-peer transactions, picturing an app wallet not unlike the ones used by such popular services as Venmo.<\/span><\/p>\n<p><span class=\"text-with-replacments\">\u201cThat is Venmo at first. Then you start to earn interest, buy things, and eventually be able to use it in stores (think Apple Pay),\u201d described <a href=\"https:\/\/twitter.com\/cstanley\/status\/1782459974313988281?s=46&amp;t=MuRujqZUAz3TQE1vmr3c6A\">Stanley<\/a>, describing the bold trajectory of the platform.<\/span><\/p>\n<p><span class=\"text-with-replacments\">This announcement comes after X recently acquired a money transmitter license in Tennessee on April 9, which brings it to a total of 25 states within the US.<\/span><span class=\"text-with-replacments\">\u00a0Administrative challenges continue and this time Elon Musk, the executive chairman of X, who had earlier announced the plans to launch a new payment in-app by mid of 2024, did it to show this company\u2019s resilience.<\/span><span class=\"text-with-replacments\">\u00a0\u201cThe end goal is if you ever have any reason to remove money from our system, then we have failed,\u201d Stanley stressed, emphasizing the platform\u2019s holistic financial ecosystem.<\/span><\/p>\n<p><span class=\"text-with-replacments\"><strong>Elon Musk&#8217;s Ambivalence Towards Crypto Integration<\/strong><\/span><\/p>\n<p><span class=\"text-with-replacments\">Although initially X\u2019s payment system will concentrate on the traditional fiat currencies but there is a lot of wild speculation about <strong>possible crypto integration.<\/strong><\/span><span class=\"text-with-replacments\"><strong>\u00a0<\/strong>Musk, despite his historical preference for cryptocurrencies, was reflected by huge bitcoin holdings of Tesla, is skeptical about the role of crypto in X. Talking to ARK Invest CEO Cathie Wood, he said he doesn\u2019t really think about cryptocurrencies much and their implications.<\/span><\/p>\n<p><span class=\"text-with-replacments\">Whereas X seeks to redefine digital transactions, the level of integration between it and cryptocurrencies is still an open question.<\/span><span class=\"text-with-replacments\"> But focused on transforming financial interactions, X is ready to redefine the meeting point of social media and finance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As part of the strategy to expand its services, the widely used social media platform X is set to roll out a wide range of payment features, which will turn its app into a multi-purpose financial centre. X&#8217;s Vision for a Seamless Financial Experience Users were about to use the platform to pay money, buy<\/p>\n","protected":false},"author":6,"featured_media":18482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[3510,467,1816],"class_list":["post-18481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-bitcoin-payments","tag-elon-musk","tag-x-twitter"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Discover X&#039;s ambitious plans to revolutionize digital payments, offering users a seamless financial experience within its app. Explore insights from its head of payments and Elon Musk&#039;s stance on crypto integration.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Discover X&#039;s ambitious plans to revolutionize digital payments, offering users a seamless financial experience within its app. Explore insights from its head of payments and Elon Musk&#039;s stance on crypto integration.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T08:31:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/\",\"name\":\"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg\",\"datePublished\":\"2024-04-23T08:31:36+00:00\",\"dateModified\":\"2024-04-23T08:31:36+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\"},\"description\":\"Discover X's ambitious plans to revolutionize digital payments, offering users a seamless financial experience within its app. Explore insights from its head of payments and Elon Musk's stance on crypto integration.\",\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg\",\"width\":800,\"height\":500,\"caption\":\"x, twitter\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546\",\"name\":\"Tanju Akb\u0131y\u0131k\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g\",\"caption\":\"Tanju Akb\u0131y\u0131k\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/cetanju\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem - Coin Engineer","description":"Discover X's ambitious plans to revolutionize digital payments, offering users a seamless financial experience within its app. Explore insights from its head of payments and Elon Musk's stance on crypto integration.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/","og_locale":"en_US","og_type":"article","og_title":"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem - Coin Engineer","og_description":"Discover X's ambitious plans to revolutionize digital payments, offering users a seamless financial experience within its app. Explore insights from its head of payments and Elon Musk's stance on crypto integration.","og_url":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/","og_site_name":"Coin Engineer","article_published_time":"2024-04-23T08:31:36+00:00","og_image":[{"width":800,"height":500,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg","type":"image\/jpeg"}],"author":"Tanju Akb\u0131y\u0131k","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tanju Akb\u0131y\u0131k","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/","url":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/","name":"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg","datePublished":"2024-04-23T08:31:36+00:00","dateModified":"2024-04-23T08:31:36+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546"},"description":"Discover X's ambitious plans to revolutionize digital payments, offering users a seamless financial experience within its app. Explore insights from its head of payments and Elon Musk's stance on crypto integration.","breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/x-twitter.jpg","width":800,"height":500,"caption":"x, twitter"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/x-unveils-ambitious-plans-for-in-app-payments-eyes-financial-ecosystem\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"X Unveils Ambitious Plans for In-App Payments, Eyes Financial Ecosystem"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/286f3a00b45c1661961e40ff0a1c7546","name":"Tanju Akb\u0131y\u0131k","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a027c5acae1ab2c3649244f87d705ac7ee359dd7e3222b84cb1d32ba3a8d2e18?s=96&d=mm&r=g","caption":"Tanju Akb\u0131y\u0131k"},"url":"https:\/\/coinengineer.net\/blog\/author\/cetanju\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/18481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=18481"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/18481\/revisions"}],"predecessor-version":[{"id":18484,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/18481\/revisions\/18484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/18482"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=18481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=18481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=18481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}