American businessman Elon Musk is getting ready to launch an early test of the X Money digital payment system on his social media platform, X, next month. This move is part of Musk's big plan to turn the platform into a comprehensive 'super app' that offers many services beyond just traditional social media. These services include messaging, sharing photos and videos, and live streaming. The service is expected to start with a small group of users as an initial trial. This trial aims to test and improve the system before it's rolled out to X's huge global user base. The new system wants to make it easier to send money and make payments directly within the app. This will open up new ways for the platform to earn money and boost its role in the growing digital economy. To make sure the new service has a strong foundation, X has teamed up with global payments company Visa. This partnership will help develop direct payment services and make financial transactions smoother for users right inside the app, which will build trust and security in digital dealings. This step is part of a wider strategy Musk has been leading since he bought the platform in 2022 for about $44 billion. He's working to reshape X into an all-in-one platform that brings together social media and financial services. This will make X a key competitor in the 'super app' sector, offering content, entertainment, and financial services all at once.
Tags
Related editorial
Sameh Zaghloul on Quantum Computing: Protecting Your Encrypted Data for the Future
Getting ready for quantum security isn't just a quick fix! It's about building "cryptographic agility," which means we can update or swap out encryption methods later on without having to completely rebuild our systems. This is super important for staying safe in the long run.
Mahmoud Tawfik: Why Zero Trust Security is Crucial in the Age of AI and Quantum Computing
It's not just about getting new security tools; the real challenge is changing how businesses think about risk. Cybersecurity needs to be a core part of every company's strategy, especially as we navigate the exciting new world of AI and quantum computing.
NVIDIA, A15, RiseUp, and BitRoot Join Forces to Boost Egypt's AI Startups
A recent event in Cairo, organized by NVIDIA, A15, BitRoot, and RiseUp, brought together startup founders, investors, and innovation leaders. They discussed the future of AI and global trends, focusing on how to support and grow Egypt's promising AI startup scene.
Ayman Hamdan: AI is Reshaping SaaS, Making Operational Knowledge the New Business Asset
Get ready for a big shift in the world of SaaS! Artificial intelligence is changing how we think about software value. It's moving beyond just user interfaces and subscriptions, making a company's unique operational knowledge and business context the most valuable assets.