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X Chat’s standalone app is not a new service that X is testing this week. The company has also started offering selective invitations to its users X payment servicewho was tested before within X employees. This call, however, was not made in the usual way. Instead, Elon Musk, the owner of X, worked with William Shatner (yes, the actor) to invite people in the beta to donate $1,000 to Shatner’s. charity which supports organizations for children and veterans.
At X, the “Star Trek” actor has been sharing information about the X Money service and its beta calls, which were made availability through online sales on Monday. Musk he also shared one of Shatner’s posts to his feed, saying “X Money.” Musk as well they were sent back another user of X Money, added, “This is going to be huge.”
The to sellShatner said, it was done with Musk’s blessing after Shatner received a payment from Musk through the X Money app. (A picture revealed that Musk had sent him $42, a sci-fi pun: the number is, in “The Hitchhiker’s Guide to the Galaxy” by Douglas Adams, a combined answer to the meaning of life.)
X also issued 42 invitations to the X Money beta to market contributors.
After receiving the information, the best in the market they will be able to see The link to the X Money service can be found in the app, under the Premium link. They will also be among the first to receive a metal X Money debit card with their username from X’s partner, Visawhich contributes to the salary of one person for the job.
The addition of X Money to X is part of Musk’s plan to make the social network an “everything app,” offering a variety of features, including private messaging, payments, content, subscriptions, video, and more.
Shatner’s screenshots of X show the X Money interface with three tabs: Accounts, Rewards, and Jobs, along with buttons to make deposits, send money, and make requests. Users also have the option of setting up direct payments to earn APY, transparent images. (One screen showed an opportunity to earn up to 6.00% APY.)
User deposits are held by Cross River Bank, Member FDIC, and are insured up to $250,000 per person, per photo by Shatner.
X Payments itself is not an FDIC insured bank, but it has been in the process of issuing remittance certificates in the US X is now licensed. in over 40 US statesand, in X public meeting of all hands in February, Musk told employees that the service will enter an external beta for a month or two, before it will be available worldwide for all users.
With X Chat, the company has not only introduced a new link within X but is also trying to give messaging its own app. Of course, X Money can have its own app and compete well with others in the space, such as Venmo, PayPal, and Cash App.
Musk’s interest in payments spans decades, when he founded an online financial services startup called X.com in 1999, which was later merged into the company that became PayPal. After buy Twitter in October 2022, Musk called company X less than a year, commemorating its beginning.
