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X PAYMENTS TO INTRODUCE BANK-LIKE FEATURES ALL IN ONE APP - REPORTS - X Payments will soon enable users to send money, buy goods, and earn interest directly from their in-app wallet, mimicking traditional bank functions, according to Christopher Stanley, the Chief Information… https://t.co/RvvZfwsNBJ https://t.co/b3iCaCYMUr
UPDATE: X PAYMENTS USERS WILL BE ABLE TO SEND MONEY, PURCHASE GOODS, AND EARN INTEREST SIMILAR TO A BANK ACCOUNT - X PAYMENTS EXEC, CHRISTOPHER STANLEY
The “end goal” of payments on X is to have it function just like Apple Pay, except it can also earn interest, says X payments chief @cstanley. https://t.co/Zzx6dXUoh9
X Payments, a new feature from the Xverse platform, is set to transform digital banking by incorporating features that allow users to store money in an X Wallet, transfer funds similar to Venmo, and make retail purchases. The service aims to compete directly with existing payment systems like Venmo and Apple Pay. Christopher Stanley, the Chief Information Officer of X Payments, emphasized that the platform will also offer the ability to earn interest on stored funds and allow for tipping, positioning it as a comprehensive financial tool. The platform is also expected to be used in retail stores eventually. The latest version of the Xverse mobile app, V1.29.0, supports these functionalities, enhancing user experience by facilitating access to balance views, transfers, and connections to various apps on-the-go.
