Linda Yaccarino, the chief executive officer (CEO) of X (formerly Twitter), has announced that the social media platform will launch a payment system called X Money in 2025.
In a statement on X, Yaccarino said 2025 will connect X users in ways never thought possible.
“In 2024, X changed the world. Now, YOU are the media!” she said.
“2025 X will connect you in ways never thought possible. X TV, X Money, Grok and more.
“Buckle up. Happy New Year!”
In April 2023, SLATE reported that Elon Musk, the owner of the microblogging platform, plans to make X the “everything app”.
X is expected to serve as an all-in-one solution.
On December 18, Musk said the total active users on X is one billion, but about 40 percent only visit the platform during major world events.
In April, Musk confirmed plans to charge new users to post on the platform, adding that it is the only solution to curb the issue of bots on the platform.
The billionaire said the proliferation of fake accounts occupies the available space for usernames, leading to the unavailability of many good handles.
According to Musk, new users will be able to post for free after three months.
Already, X has started charging new users in New Zealand and the Philippines $1 per year to access key features, which include the ability to post, retweet, like posts and reply to posts.
